CoreLogic: Shadow inventory down 10.2 percent

New methodology boosts estimate of homes destined to hit the market

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

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.