Tag Archives: shadow inventory

Shadow Inventory Put At 1.7 Million in 3Q

A study done by First American Core Logic released by CAR (California Association of Realtors):

“Shadow Housing Inventory” Put At 1.7 Million in 3Q According to First American CoreLogic
Summary:

* As of September 2009, First American CoreLogic estimated there was a 1.7‐million‐unit pending supply of residential housing inventory, up from 1.1 million a year earlier. Pending supply, sometimes referred to as “shadow” inventory, estimates real estate owned (REO) by banks and mortgage companies, as a result of foreclosures and other actions, such as deeds in lieu, as well as real estate that is at least 90 days delinquent. Normally shadow inventory would not be included in the official measures of unsold inventory. At the current sales rate, the pending supply is 3.3 months, up from 2.4 months a year ago.

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