Residential Shadow Inventory is declining when we look at CoreLogic's monthly report for October. The improvement is across the board as the below graphs point out.
October inventory reflected 2.29 million units which is about a 7.2 month supply following the current consumption. This is a a 12.3 percent decrease from October 2011 when the inventory had 2.62 million units, an 8.6 month supply under current metrics. Valuation of the inventory in October was around $376 billion, down from $3.99 billion a year earlier. By way of comparison, September's inventory was around . . .
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