"In the last three months, an estimated liquidation timeline covering the nation's backlog of distressed real estate actually increased, according to Standard & Poor's.
The ratings agency now estimates it will take 44 months — up 10% percent from an estimate made just three months ago — to clear the so-called shadow inventory of homes in distress or foreclosure, but not yet on the resale market. Some markets are significantly more impaired when compared to others, the agency concluded..."
at http://www.housingwire.com/2010/12/30/sp-revises-shadow-inventory-timeline-upward-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
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