CoreLogic: Shadow inventory down 10.2 percent

New methodology boosts estimate of homes destined to hit the market

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The nation’s shadow inventory fell to 2.3 million units in July, down 10.2 percent from last July, according to a monthly report, using a new methodology (see below), from real estate data firm CoreLogic released today.

Homes with seriously delinquent loans attached to them made up 1 million of July’s shadow inventory. The balance included 900,000 homes in some stage of foreclosure and 345,000 bank-owned properties. The 2.3 million total units represent a six-month supply, the report noted.