"Shadow Inventory" Continues to Shrink

According to reports through RealTrends Magazine, Corelogic and Bloomberg, shadow inventories in the United States have continued to drop.  Shadow inventories have been a major concern for home values because they are the homes that are not yet in foreclosure, but are "distressed" with delinquent payments and other sources of problems, making them more likely to call into foreclosure.

So having the shadow inventory in the United States continue to shrink is a good sign -- at least for the intermediate to long-term -- for home prices to stabilize.

If home prices are beginning to stabilize, then it is likely that home ownership may return to the belief that home ownership is a good investment.  Stable prices also mean that more consumers wishing to sell their homes and "move-up" will seriously consider this.

Stability is very important to consumer confidence.  Let's hope this continues.

Your opinion from what you read and see in your area?