You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “State by State Estimate of Shadow Inventory”.
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “State by State Estimate of Shadow Inventory”.
[...] a look at the blog by Economists Outlook, which features a state-by-state estimate of so-called “Shadow Inventory” – real estate [...]
[...] a look at the blog by Economists Outlook, which features a state-by-state estimate of so-called “Shadow Inventory” – real estate [...]
[...] Article Source: http://economistsoutlook.blogs.realtor.org/2011/03/21/state-by-state-estimate-of-shadow-inventory/ [...]
[...] http://economistsoutlook.blogs.realtor.org/2011/03/21/state-by-state-estimate-of-shadow-inventory/ [...]
[...] Differences in the levels of foreclosure and seriously delinquent inventory, as well as the saturation of distressed sales in total existing sales are naturally causing varying levels of shadow inventory across states. Read more …. [...]
[...] Inventory will be around for another year if the latest National Association of Realtors’ (NAR) Economists’ Outlook is any indication. But as with any numeric estimate, you need to be aware of how the numbers were [...]
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.
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?
[...] And, the new housing market is weak, in no small part because of Nevada’s shadow inventory: “From the onset of the foreclosure crisis, four states have continually had relatively worse foreclosure problems: Arizona, California, Florida and Nevada. These four states still account for 42 percent of the foreclosure inventory today.” [NAR] [...]
[...] the estimate of state-level shadow inventory in March 2011, and an update in the fall of 2011, the aggregate size of the shadow inventory has not [...]
[...] the estimate of state-level shadow inventory in March 2011, and an update in the fall of 2011, the aggregate size of the shadow inventory has not [...]
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
[...] the millions of homes being bundled in quantities to sell to investors that was known as the “shadow inventory,” that the banks held and Fannie Mae.What are your thoughts? Is this a good plan for [...]