The number of homes lurking in the nation’s “shadow inventory” has dropped 18 percent over the past year and 28 percent over three years, reducing the threat to home prices that such distressed properties posed in the past. Irvine-based data firm CoreLogic reported that as of January, 2.2 million U.S. homes were in the shadow …
“As of October 2012, 2.3 million housing units still remain in shadow inventory, CoreLogic reported Wednesday. The total translates into a supply of 7 months and sits 12.3 percent lower than the 2.6 million units in October 2011, according to the data provider. From September 2012, shadow inventory shrunk by about 1 percent. In dollar …
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“Just under 2.3 million U.S. homes made up a “shadow inventory” of distressed properties that are likely to hit the housing market in the future, according to Santa Ana-based data giant CoreLogic. That’s down from July 2011, when the hidden supply of distressed homes that could become a drag on home prices totaled 2.6 million …
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Borrowers in Negative Equity Declining as Home Values Gain: Report “About 600,000 borrowers rose above negative equity in the second quarter of 2012, CoreLogic reported Wednesday. According to the company’s analysis, 10.8 million, or 22.3 percent, of residential properties with a mortgage remained underwater for the second quarter of 2012. The second quarter figure is …
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