Shadow inventory is down an impressive 28 percent from its 2010 peak, but do its effect still languish in certain markets?
CoreLogic’s latest report on shadow inventory in the U.S., which surveyed the nation’s inventory of seriously delinquent, REO and properties in foreclosure, was another positive report for the nation’s housing market, as more and more homes escaped the shadow inventory trap and reentered the general housing market.
“The shadow inventory continued to drop at double the rate in January from prior-year levels. At this point in the recovery, we are seeing healthy reductions across much of the nation,” said Anand Nallathambi, president and CEO of CoreLogic.
However, as Nallathambi also pointed out, the shadow inventory in some housing markets has been a persistent, if not stubborn, beast, and there lingers notable traces of shadow inventory across the nation.
What are those markets? And how far along are we in clearing the shadow inventory? See our infographic below to find out: