[quote=Rich Toscano]I stopped doing this chart because of the whole shadow inventory concept… specifically that so many defaults were just staying off the market. So it became less meaningful. But it might not be a bad idea to check in on it again; I will try to update it soon.[/quote]
Rich, I heard a term from Clark Howard for home owners that stopped paying their mortgage and the banks have not foreclosed for months – Zombie Homeowners. So I guess the houses would be Zombie Inventory…
