Shadow Inventory is Down

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 …

Continue reading ‘Shadow Inventory is Down’ »

CoreLogic: Shadow Inventory Shrinks 12% from Year Ago in October

“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 …

Continue reading ‘CoreLogic: Shadow Inventory Shrinks 12% from Year Ago in October’ »

Shrinking Supply of Distressed Homes Makes Room for Homebuilding

“A steady drop in distressed home sales may spell a better future for builders, Capital Economics analyst and property economist Paul Diggle says.  In a US Housing Market Update released by the firm, Diggle notes that while “a substantial overhang of properties still in the shadow inventory” will keep distressed sellers in the market, the …

Continue reading ‘Shrinking Supply of Distressed Homes Makes Room for Homebuilding’ »

National Recovery is Affected by REOs and Shadow Inventory

Several financial sectors suggest economic stabilization and growth, but the nation’s housing market continues to dampen overall conditions, according to the credit bureau Equifax. Equifax, based in Atlanta, has released the results of a study it conducted during the month of May analyzing national credit trends. The company points to shadow inventory and REOs as …

Continue reading ‘National Recovery is Affected by REOs and Shadow Inventory’ »