The nation’s shadow inventory dropped to 1.7 million residential units in April, down 10.5% from a year earlier and representing a five-month supply, CoreLogic said Wednesday. The decline from a.
Housing to gradually improve in 2012, NAR economist says “Last year, the pace of business started to improve and that. According to the National Association of Realtors, it took on average 62 days to sell a home in March, compared to 91 days in March.Higher loss severities on foreclosures will push servicers to short sales in 2011: Fitch Fitch: Subpar loan mod results making U.S. Foreclosures a Reality With loan modifications on a steady decline, the analysts at Fitch Ratings say the common thread running through the industry has become when will the servicer foreclose as opposed to how can a distressed borrower stay in their home.
(Credit.com) Roughly 2.3 million homes are in the shadow market, according to a report by data and analytics firm CoreLogic, which marks a considerable drop from where the inventory of these properties stood a year earlier. The current supply of pending foreclosures equates to a roughly six-month supply, the report indicates.
CoreLogic: Shadow inventory continues to decline SANTA ANA, Calif. – Sept. 28, 2011 – Current residential shadow inventory as of July 2011 declined slightly to 1.6 million units – representing a supply of 5 months – from a six-month supply of 1.9 million units one year earlier, according to CoreLogic.
In April, the residential shadow inventory fell to 1.7 million units in April, representing a five-month supply, CoreLogic reports. This is down from 1.9 million units, also a five-month supply, from a year ago. The decline was due to fewer new delinquencies and the high level of distressed sales, which helped reduce the number of [.]
The inventory fell to 1.5 million units in April, a four month supply. The decline in the shadow inventory is a positive development because it removes some of the downward pressure on house prices.
CHICAGO (MarketWatch) – The pending supply. further price declines in the housing market,” said Mark Fleming, chief economist for CoreLogic, in the news release. “This is being exacerbated by a.
Shadow inventories on the decline. According to information provider, CoreLogic, the current residential shadow inventory as of July 2012 fell to 2.3 million units, representing a supply of six.
The shadow inventory, which some analysts believe could impact the housing recovery when the properties hit the market, represented $239 billion in homes, a 3.7 months of supply, the firm estimates. "Over the past year, the value of the U.S. shadow inventory dropped by $87 billion–a sign of increased normalcy in the housing market," CoreLogic.
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The shadow inventory of repossessed and soon-to-be repossessed homes not yet visible to the market has been trimmed, according to CoreLogic. The company reports that as of April 2011, the industry.