CoreLogic: Shadow inventory to weigh on real estate recovery

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CoreLogic reported a 10 percent jump in shadow inventory of residential property.

Shadow inventory is defined as critically delinquent properties that are yet to hit the market.

According to the report, shadow inventory in August was at 2.1 million, up from 1.9 million last year. The visible supply of unsold inventory remained unchanged from a year earlier at 4.2 million properties.

The full CoreLogic report can be found here.