Positive sign for housing

Shadow Inventory Drops: ‘Positive Sign for Housing’ - The nation's residential shadow inventory as of July declined slightly to 1.6 million units, representing a supply of five months, according to CoreLogic. That's down from 1.9 million units, a supply of six months, from a year ago, and follows a decline from April when shadow inventory stood at 1.7 million units. "The steady improvement in the shadow inventory is a positive development for the housing market," said Mark Fleming, chief economist for CoreLogic. Read article:
http://www.housingwire.com/2011/09/27/shadow-inventory-declines-to-five-month-supply-corelogic