Sentences with phrase «shadow inventory»

There has been a large decline in 90 - day - plus past due loans, which has helped lead to the drop in shadow inventories.

«Also, shadow inventory remains concentrated in states impacted by sharp price declines and states with long foreclosure timelines,» he says.

Nonetheless, large shadow inventory still remains a challenge, especially in the office sector.

However, this big wave of shadow inventory seems to never come.

With a massive shadow inventory still holding back the market and borrower - assistance programs falling short, it's time to consider new approaches to turning housing around.

Additionally, find a REALTOR ® in your area that can speak to your community's own inventory levels and see if the nationwide shadow inventory situation translates locally.

And while things are looking up after a few tough years, one issue that has surfaced is that of inventory — specifically shadow inventory.

It also shows that shadow inventory remain a concern among agents and even homeowners for that matter.

In another positive sign for the housing market, the nation's so - called shadow inventory of properties in the foreclosure pipeline fell by more than 10 percent in July from the same period a year before reported CoreLogic.

Ryan postulates that home prices are down due to incessant media focus on shadow inventory and distressed sales that cast a negative light on the housing market.

A recent report by the national real estate analysis firm CoreLogic said the nation's shadow inventory as of October 2012 fell to 2.3 million units for a seven - month supply.

Paired with rising home values, lower shadow inventory means it could take longer to find the right home at the right price.

With its largest quarter - over-quarter drop since the credit crisis began, shadow inventory fell from 3.28 million loans in the first quarter of 2013 to 2.99 million in the second quarter, a 35 % drop on an annualized basis, according to broker / dealer Compass Point Research & Trading.

Freddie Mac recently released its U.S. Economic and Housing Market Outlook for August showing why the so - called shadow inventory might not be as foreboding as many thought; this is attributed to the rate at which excess housing is being absorbed.

CoreLogic has released its National Foreclosure Report with a supplement featuring quarterly shadow inventory data.

Review NAR's infographic on the dwindling shadow inventory and the effect it is having on the housing industry.

Last year, a Bee analysis placed the region's shadow inventory at 53,256 homes in Sacramento, Yolo, Placer and El Dorado counties.

When asked about the surplus of inventory, and how it may affect market conditions, Total Mortgage president John Walsh recently surmised, «This is a difficult question to answer, because nobody really knows the extent of the potential shadow inventory out there or how many houses are in danger of foreclosure.

Amid widespread falling values, a large shadow inventory, and general economic uncertainty, perhaps the biggest positive development in the real estate industry in the past year has been the booming rental market.

The HUD IG cited the FHA Note Sales and Distressed Assets Stabilization Program as efforts to reduce the «overhang» of the FHA shadow inventory.

«Over the last year, it has decreased in 42 states by double - digit figures, resulting in rapid declines in shadow inventory for the first quarter of 2013,» Fleming says.

On the bright side, both MLS inventories and shadow inventory showed signs of easing in 2011.

In March 2000, shadow inventory loans totaled an estimated 800,000, significantly lower than current levels.

Homes that have started the foreclosure process but have not yet been listed in the market are considered shadow inventory.

According to data compiled by the Mortgage Bankers Association and Bloomberg shadow inventory hovered at 5.5 million loans at its peak in March 2010.

«Falling visible and shadow inventories point toward continuing price gains.

There is a HUGE shadow inventory right now and while that may keep down appreciation values over the next few years, it creates a tremendous opportunity to gather assets and create new wealth in distressed properties.

CoreLogic reports that the U.S. shadow inventory of homes has fallen 18 percent from its peak; as of April, about 1.7 million homes were in the foreclosure process and headed toward the market.

«In the first quarter survey many real estate professionals expressed concern over five factors that could potentially impact home prices adversely: rising interest rates, expiration of the home buyer tax credit, persistent unemployment, continued foreclosures and the release of shadow inventory held by the banks,» said HomeGain General Manager Louis Cammarosano.

North St Louis County has seen a higher number of foreclosures than most of the other neighborhoods in St Louis County, producing a higher volume of distressed properties in shadow inventory.

Also helping to lower shadow inventories is the rise in home prices, lower unemployment rates, the higher number of loan modifications, and tightening of underwriting standards that has led to an improvement in mortgage credit quality, economists note.

Year - over-year, shadow inventory fell 23 %, marking its largest drop ever.

Real estate industry watchers tracking the direction of home prices will continue to focus on the impact of the expiration of the home buyer tax credit, the direction of interest rates and unemployment, foreclosure and shadow inventory data.

A dwindling shadow inventory and a drop in new foreclosure auction notices is putting less pressure on nondistressed home prices, according to a new report by CoreLogic.

A large overhang of shadow inventory still looms in New Jersey, New York, and Connecticut.

The shadow inventory of homes that will come onto the market is large.

The «shadow inventory» of residences that are in some stage of foreclosure or whose owners are at least 90 days delinquent on their mortgages stands at 3.1 millionâ $ «6 % of the 50 million home loans in the U.S..

Filed Under: Mortgage Rates Tagged with: distressed property, epic failure, foreclosure, Mortgage, Mortgage Rates, reo, shadow inventory, Total Mortgage

Just a quick post on a topic I've discussed in the past: shadow inventory.

As a result, people are attempting to measure what is being referred to as the «shadow» shadow inventory.

A massive amount of shadow inventory (foreclosed and distressed homes yet to hit the market) could further increase housing inventory and diminish home values.

As a result, the natural flow of demand from new household formation must be satisfied from an inventory of homes for sale that is much smaller than the actual «shadow inventory» that would be available if losses did not have to be taken in order to sell those homes.

Equifax Mortgage Services» senior vice president and general manager Craig Crabtree says that real estate owned properties and shadow inventory are performing a main role in the current mortgage market and slowing down the road to recovery of the economy.

About 2.4 million properties are considered part of the shadow inventory, according to research by NAR.

The shadow inventory — houses more than one month in arrears but not yet in the foreclosure process — is huge and having an impact on closings and appraisals.

Both IGs cited concern about the volume of «shadow inventory» properties in all inventories, but especially FHA's, and the importance of insuring adequate securing, maintaining, pricing, marketing and selling of the properties to minimize further taxpayer losses.