atlanta foreclosed homes: Shadow Inventory of Foreclosed Homes
- 02/07/11 03:08 AM
By Inman NewsInman NewsTM February 02, 2011 It may take more than four years to clear the "shadow inventory" of distressed homes lurking on the sidelines in the U.S., a factor that's likely to undermine real estate prices as the backlog clears, analysts at Standard & Poor's Ratings Services say. At 49 months, the estimated time needed to clear shadow inventory at the end of the fourth quarter of 2010 was up 11 percent from the previous quarter and 40 percent from a year ago. With the lone exception of Miami, the months' supply of shadow inventory grew in almost all … (1 comments)
By Inman NewsInman NewsTM
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