US DATA: CoreLogic says as of Oct 2011, shadow inventory (pending
supply of distressed properties not in MLS) remained at 1.6m units, or
5-mos’ supply. This represented half of the 3 million properties
currently seriously delinquent, in foreclosure or in REO. “Of the 1.6
million properties currently in the shadow inventory (Figures 1 and 2),
770,000 units are seriously delinquent (2.5-months’ supply), 430,000 are
in some stage of foreclosure (1.4-months’ supply) and 370,000 are
already in REO (1.2-months’ supply). Florida, California and
Illinois account for more than a third of the shadow inventory.”