Morning Minute: Housing’s shadow inventory shrinks

Shadow housing inventory in April fell 14.8 percent compared to a year earlier, according to data from CoreLogic. Shadow inventory is defined by CoreLogic as distressed properties that are more than 90 days delinquent, in the foreclosure process or have become REO properties but have not yet been listed for sale. Get the details in Chicago Agent Magazine.

In other news:

Is your listing getting a lot of traffic but few offers? It could be the neighborhood’s overpriced “pinball” property. (Daily Herald)

Sellers telling buyers to stop making lowball offers. (Daily Real Estate News)

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.