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Darren Wisniewski's Blog

By Darren Wisniewski | Real Estate Pro in Boston, MA

Study: Shadow Inventory Hinders Economic Growth

The economy may be recovering, but the nation’s housing market is still putting pressure on growth as mortgage delinquencies remain above pre-recession levels--and high shadow inventory levels are a major culprit. So says a new study from Equifax.

“While we are seeing stabilization across multiple sectors of lending, there remains a significant volume of delinquent first mortgage loans, which has slowed the foreclosure process,” saysCraig Crabtree, senior vice president and general manager atEquifax Mortgage Services. “Until these foreclosures are processed, the mortgage market will continue to impact economic growth.”


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