Shadow inventory declines to five-month supply: CoreLogic

CoreLogic today reported that the current residential shadow inventory (or pending supply) as of April declined to 1.7 million units – a five months’ supply – from 1.9 million units in April 2010.

Mark Fleming, CoreLogic’s chief economist, said "weak demand for housing is significantly increasing the risk of further price declines in the housing. By combining the visible and shadow inventory.

Mark Fleming, chief economist for CoreLogic commented, "The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent.

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The nation’s shadow inventory dropped to 1.7 million residential units in April, down 10.5% from a year earlier and representing a five-month supply, CoreLogic said Wednesday. The decline from a.

From CoreLogic: CoreLogic Reports Shadow Inventory Continues to Decline CoreLogic. reported today that the current residential shadow inventory as of April 2011 declined to 1.7 million units, representing a five months’ supply. This is down from 1.9 million units, also a five months’ supply, from a year ago.

CoreLogic estimates the "shadow inventory" (by this method) at about 1.8 million units. corelogic. reported today that the current residential shadow inventory as of January 2011 declined to 1.8 million units, representing a nine months’ supply. This is down slightly from 2.0 million units, also a nine months’ supply, from a year ago.

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CoreLogic estimates the current stock of properties in the shadow inventory, also known as pending supply, by calculating the number of properties that are seriously delinquent, in foreclosure and held as real estate owned (REO) by mortgage servicers but not currently listed on multiple listing services (MLSs).