Threat of shadow inventory may be “over-hyped”

Skeptics of the what many experts see as the eminent recovery of the U.S. housing market often point to the large shadow inventory of foreclosed homes yet to hit the market, but concerns over an inventory glut may be over hyped, according to the Wall Street Journal. For one, data shows that shadow inventory is shrinking. This year shadow inventory fell to 3.4 million units from a peak of 4.7 million in 2009, according to [more]