The nation's shadow inventory dropped to 1.7 million residential unitsin April, down 10.5% from a year earlier and representing a five-monthsupply, CoreLogic (CLGX: 16.815 -0.27%) said on June 22, 2011. The declinefrom a year ago is due to fewer new delinquencies and the high level ofdistressed sales, which helped reduce the number of outstanding distressedloans, the Santa Ana, California-based data company said.
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