San Diego Housing Market News and Analysis
The Many Faces of Shadow Inventory
Submitted by Rich Toscano on June 20, 2010 - 2:53pm
After the last entry on foreclosure activity, a couple of readers sent in articles with more data relevant to the topic of "shadow inventory."
A commenter at my own site linked to a May Union-Tribune article about mortgage delinquencies. Delinquencies are defined as mortgages on which payments are late by a certain number of days (60 in this case). The reason this figure is interesting is that it captures all currently troubled mortgages, not just those that have been served with Notices of Default. So delinquencies are a more inclusive measure of potential shadow inventory.
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