Report: 8 months of 'shadow inventory'

CoreLogic says REOs could weigh on price appreciation, exacerbate declines

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The "shadow inventory" of homes likely to be repossessed by lenders or already in their real estate owned (REO) inventory but not yet on the market reached 2.1 million units in August, up from 1.9 million a year ago, according to the latest analysis by data aggregator CoreLogic.