In the real estate industry, we hear a lot about "Shadow Inventory." It's been a buzz phrase since the real estate bubble burst in the fall of 2007. We read about the abundance of foreclosed or soon to be foreclosed homes just lurking out there, waiting to hit the market. But, we now hear that this shadow inventory is at it's lowest since 2008. Although there may be some bumps in the road, this appears to be another sign that the real estate market is beginning to recover.
The following article will explain the plus side to these statistics and their impact on home values. http://goo.gl/a1aVS