Over the past year, two divergent pictures have developed as foreclosure timelines continued to widen in some states, while other states have been able to steadily work on clearing the shadow inventory.
Our fourth-quarter estimates of the months-to-clear were mixed: Four of the top 20 metropolitan statistical areas (MSAs) that we track reported lower months-to-clear estimates this quarter than the previous quarter. In the other 16 MSAs, however, our estimates rose.
