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Troubled homes hanging over U.S. housing market drop

Posted on 28 September 2011

Call it a sliver of a silver lining for America’s beaten-down housing market: The inventory of troubled U.S. homes not yet listed for sale is diminishing.
Homes in foreclosure — or headed into foreclosure — are being sold at a fast enough clip to chip away at the so called “shadow inventory” that hangs over the U.S. market, Santa Ana data provider CoreLogic reported Tuesday. Shadow inventory at the end of July was down to 1.6 million units, representing a five-month supply of homes……………………………………….Full Article: Source


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