The Real Deal Miami

Florida tops U.S. shadow inventory

May 03, 2012 09:45AM

Florida has one third of the United States’ shadow inventory, according to a report from Florida Realtors, the Palm Beach Post reported. Shadow inventory  means unlisted properties that are delinquent on their home loans. “The fear …  is that the inventory of delinquent and foreclosed loans will be released onto an already weakened market,” said John Tuccillo, chief economist for Florida Realtors. “But the reality, even in Florida where distressed properties make up a significant portion of the market, appears to be different.” [Palm Beach Post]