June 23, 2011 (Chris Moore) The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales. […]
March 31, 2011 (Shirley Allen) CoreLogic released its Shadow Inventory Report for March 2011 which discloses that the current shadow inventory as of January 2011 declined to 1.8 million units, which is down slightly from the 2 million units that existed a year ago. Based on current sales projections however, the amount of units represents [...]
March 21, 2011 (Shirley Allen) There’s more bad news for home prices according to another leading home pricing index. RadarLogic is reporting that home prices have declined to levels not seen since May of 2003. According to the company’s just released RPX Composite index, home prices for the Midwest, West, and the South declined in [...]
March 11, 2011 (Shirley Allen) Year-over-year home prices declined for the sixth month in a row according to CoreLogic’s Home Price Index (HPI). Including distressed sales, home prices declined by 5.7 percent in January 2011 compared to January 2010. This follows a 4.7* percent decline in December 2010 compared to December 2009. Read more...
March 2, 2011 (Chris Moore) The National Association of Realtors (NAR) reports that pending home sales declined in January for the second month in a row. NAR’s Pending Home Sales Index declined 2.8 percent to 89.9 from a downwardly adjusted 91.5 in December on a scale where 100 reflects home sales in 2001. The figure [...]
February 4, 2011 (Jeff Alan) Standard and Poor’s Rating Service (S&P) has released its “Fourth-Quarter Shadow Inventory Update” and predicts that it will take more than four years to clear the shadow inventory of distressed properties. The prediction is an 11 percent increase from the third quarter of 2010 and a 40 percent increase from [...]
January 4 2011 (Chris Moore) When foreclosures and Real Estate Owned (REO) properties enter the housing market, they transition from what is known as the shadow inventory into the visible inventory. Shadow inventory is usually defined as homes that are seriously delinquent (90 days or more), in foreclosure and real estate owned by lenders and [...]
November 28, 2010 (Chris Moore) In a report issued by Moody’s Analytics, home prices nationally are expected to continue to decline through the first half of 2011 but the severity of the declines will most likely be dictated by the amount of real estate owned (REO) properties in the affected local market. Read more...
November 22 2010 (Shirley Allen) In a report released today by CoreLogic, shadow inventory of residential property as of August 2010, reached 2.1 million units. At current sales rates, that translates into an eight months worth of supply, up from 1.9 million, or a five-month’s supply, from one year earlier. With visible inventory remaining flat [...]
