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>> NEW JERSEY Latest News

MAR 26, 2013 - Business Insider

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The US Housing Shadow Inventory Is Falling Fast

Shadow inventory fell 18 percent year-over-year in January to 2.2 million units, according to CoreLogic's latest report. This represents nine months' supply. It was down 28 percent from its 2010 peak of 3 million units. The value of shadow inventory stood at $350 billion, down from $402 billion a year ago. “The shadow inventory continued to drop at double the rate in January from prior-year levels. At this point in the recovery, we are seeing healthy reductions across much of the nation,” said Anand Nallathambi, president and CEO of CoreLogic in a press release. Here are some ... Read More

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