|Defined as homes in the foreclosure
process or bank repossessed but not listed for sale, the
properties are a boon and bane to real estate. They offer
the tease of more inventory in a property-starved market,
but can also can deteriorate, hurting neighborhoods and
threatening to cut sale prices if too many rundown homes
go up for sale at once.
Palm Beach County’s shadow
inventory increased 78 percent from the first quarter of
2012 to a current measure of 25,702 homes, according to a
new report from the Irvine, Calif.-based RealtyTrac.