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Lies, Damned Lies, and Shadow Inventory. Shadow inventory may be improving on a nationwide scale but not for California – Notice of defaults rise approximately 70 percent in latest month of data. Beverly Hills shadow inventory nine times the size of MLS public foreclosures.

You have an interesting dynamic unfolding in the United States.  Recent data shows that the shadow inventory figure is starting to decline nationwide.  However in high priced markets particularly in California there is little movement in the shadow i…