Relevant:
- Lords of the shadow inventory -- over 3 million homes locked away in shadow inventory near peak levels. Prices must fall to prevent massive drawn out drag to economy.
- Shadow inventory improves but still threatens housing recovery
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
- shadow inventory rises 10 percent
- CoreLogic Estimates Shadow Inventory at 1.8 Million Homes
2010-09-28 — nationalmortgagenews.com
"In its “Shadow Inventory Update” report, Standard & Poor’s estimates that the principal balance of distressed homes amounts to about $460 billion, representing nearly one-third of the nonagency residential mortgage-backed securities market currently outstanding."
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