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.
- Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: RealtyTrac
- California has nearly 9 years of housing supply counting shadow inventory
- shadow inventory rises 10 percent
- Weak Demand for Housing Portends Further Declines in Values
2011-08-22 — cnn.com
``A recent report from Standard & Poor's found that the time it would take for banks to purge all of this so-called "shadow inventory" from the market (through foreclosure sales, mortgage modifications and other measures) shrunk to 47 months during the second quarter, a significant drop from the 52 months it estimated for the first quarter of this year. ''
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