The Shadow Inventory and its Implications for Neighborhood Stabilization

This presentation by Guhan Venkatu, an economist at the Federal Reserve Bank of Cleveland, was delivered at Sustainable Strategies, Best Practices: A Regional Workshop on Stabilization, in Columbus, Ohio on December 2, 2010.  It presents data on a number of housing market trends that affect stabilization activities, especially the growing supply of "shadow inventory" - mortgages that are seriously delinquent but have not yet become REO.