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)