Read a couple of different articles from different sources and they concur that the Shadow is receding. Specifically in California the decrease is 28% since 2010 when it peaked.
We still aren't seeing much increase in the release of these homes (note our low MLS inventory). We are still seeing an increase in the way we are keeping underwater homeowners in their homes.
These little things, to me the ultimate optimist, point that we are finally moving in a positive housing market direction.
I do believe we still have a ways to go, but this decrease in the 'Shadow Inventory' is promising!
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