State by State Estimate of Shadow Inventory

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  1. Great info/article!

  2. Great Information. 9 Months Shadow Inventory in Arizona and 60,000 homes there is quite a future of great deals!

  3. Very good article. I have thought about why the plaintiffs in foreclosure cases have eased up a bit, and are gradually releasing their shadow inventories. If they were more aggressive in their foreclosures and had to unload too much of their REO inventory at once, values would further erode…leading to even more foreclosures and economic turmoil.

    Prudent and gradual release of REOs into the market is better for everybody.

  4. thanks for sharing. great info.

  5. Great article. Well done. There always questions of how much shadow inventory is really out there.

  6. good article, now if we can only resolve the MARS issue with short sales to start working on that issue

  7. Roger

    Since this is an NAR report, I think we can assume that whatever conclusions can be drawn from it are too optimistic.

  8. Peter

    What happened in FL and CA that produced such high numbers? Who are these people? What are the demographic populations of the people who were foreclosed upon?

  9. Ah!!! at last I found what I was looking for. Sometimes it takes so much effort to find even tiny useful piece of information.

  10. REO Broker

    Someone may want to talk to Bank of America. Word is that they alone have 12 million in their shadow inventory and have 2.5 million becoming delinquent just in the last 90 days.

  11. Jane

    This data is bogus. I subscribe to several Real Estate and Mortgage Industry Newsletters and get data on a daily basis. Massachusetts is looking at about 6 years of backed up shadow inventory far from what is being stated here. NAR always has and always will put their spin on the ball because there is obviously a conflict of interest.

  12. Emily Leppert

    Since it was predicted in March that Nevada only had 7 months of shadow inventory, and we are now in October, I am curious to know what the updated figures look like. Was there a significant reduction in shadow inventory, to the point that there is little to no inventory left in Nevada?

  13. Chris

    Shadow inventory are the homes expected to go into foreclosure but have NOT YET done so. The basic reason for that is the the huge lawsuit against banks and mortgage companies due to improper practices with paperwork etc. The banks and mortgage companies have been waiting for the settlement to see where they will stand. Well that time has come. People are wondering why they still haven’t been foreclosed on though they are well over the 90 day delinquency????? Well they won’t have to wait much longer as all these pre- foreclosures will soon be officially hitting the market and guess what that means????? The selling prices we thought were starting to go back up will be forced back down by all the “shadow inventory” soon to be on the market. So if your realtor is trying to get you to understand why you should sell now if you have planning sell. Not rocket science when we learn exactly what the actual definition of “shadow inventory” is. So look out America things are about to shift again on behalf of the buyer. And guess what countries are buying up all of Americas land???? Hmmmmm things that make us go Hmmmm