Shadow Inventory Declines

  Seriously delinquent, foreclosed and REO properties dropped to 2.3 million units in July. This represents a six month supply. ‘Shadow inventory’ is not included in the housing inventory reported by NAR and tends to hold down prices until cleared in any...

Lenders' data mining goes deep

Mortgage makers are going beyond tax returns and bank statements to determine whether you’re a good risk. They’re checking such things as where you have pizza delivered and where you shop online. That pizza you had delivered the other night could mean the...