Shadow inventory declines by 1.2 million in 2012

Therefore, one cannot assume that some looming shadow inventory numbers are on the horizon to help relieve the housing shortage conditions of today. Interestingly, the states with the increasingly acute housing shortages are the ones facing a rapid depletion in shadow inventory. Arizona and California are two examples.

This year, shadow inventory fell to 3.4 million units from a peak of 4.7 million in 2009, according to John burns real estate consulting data cited by the Journal.

North Scottsdale Homes for Sale - Flood of Shadow Inventory “Despite declines. a substantial shadow inventory of unsold homes has kept downward pressure on home prices, although they may be stabilizing at a low level.” Estimates of the 73 economists.

The hidden benefit of not paying your mortgage. Shadow inventory coming online in 2012 is going to have the biggest impact on the housing market. With a weak jobs report that shows a labor force that declined by 164,000 you realize that demographic trends are now in full play here.

Vacant homes in Michigan grew 47% in 10 years blighted residential properties and vacant or abandoned commercial properties. and the State of Michigan witnessed a growing trend during the 50 years. 10%. 20%. 30%. 40%. 50%. 1990. 2000. 2010. Muskegon Heights Educational.. 47. Figure 5.01: proposed hardest hit demolition locations. SOURCE:.

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Shadow Inventory: What is It and How can it Benefit Real Estate investors? shadow inventory: Many investors have been asking me about shadow inventory, what it means for real estate investors, and how it’s affecting the recovery. What is shadow inventory? "Shadow inventory" in real estate refers to properties that are already foreclosed on and bank owned (REO.)

Manhattan’s inventory of homes for sale plunged to the lowest in at least 12 years, a sign that prices may rise in 2013 if buyer demand intensifies. There were 4,749 apartments on the market at the.

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The "shadow inventory" of unlisted bank-owned homes and potential foreclosures increased to 2.1 million units in August, up 10% from one year earlier, according to new estimates from CoreLogic.

Shadow inventory sales for years to come – 1.6 million distress sales in 2010, 1.6 million in 2011, and 1.5 million in 2012. By summer of 2011 REO pipeline will rise to 536,000. Posted by mybudget360 in banks , debt , mortgages , real estate

Shadow Inventory: More Houses Will Soon Be Available for Sale. All signs point to an improved housing market-home values are up by about 30 percent since 2012, they’re selling faster, and.