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The nation's REO stock fell 0.6 percent in May to 524,000 properties, according to Barclays Capital. In addition, the research firm estimates that housing's shadow inventory - which Barclays defines as the supply of homes nearing REO status - declined by 2.3 percent to 4.02 million properties. A separate study released by Clear Capital supports the assumption that indeed, there are fewer REOs influencing the market. The company says the percentage of bank-owned homes sold as compared to all properties sold dropped 22.7 percent during the May-July period.
Read More »Housing Markets Becoming Less Saturated with REOs: Reports
