By Marcie Geffner - California Real Estate magazine
The term "shadow inventory" evokes scary images, armies of darkened
houses hidden in the foothills ready to march across the land, bringing
destruction and misery to everyone in their path.
The notion is fanciful, but does a shadow inventory really
exist, and if so, what are its implications for Realtors?
One useful definition comes from CoreLogic. Sam Khater, a
senior economist at the property data and analytics firm in Santa Ana, says
shadow inventory is "the pending supply of distressed property that will
hit the market."