Archive for the 'shadow inventory' Category

The stubborn resistance of shadow inventory – six states make up over half of all shadow inventory. 3,000,000 distressed properties sold since January of 2009.


Judgment day for housing shadow inventory already here – Foreclosure inventories reach an all-time high. FHA and GSE loans only game in town.


Underwater nation – Over 14 million homeowners now sit in a negative equity position. Bubble markets see faster year over year price declines.


Day of reckoning for shadow inventory and distressed properties – 40 percent of properties in foreclosure have not made a payment in two years or more.


Lies, Damned Lies, and Shadow Inventory. Shadow inventory may be improving on a nationwide scale but not for California – Notice of defaults rise approximately 70 percent in latest month of data. Beverly Hills shadow inventory nine times the size of MLS public foreclosures.


The California contradiction – Record high unemployment and highest home prices in the nation. Share of Californians employed at record low levels and July home sales forecast dire home price cuts moving ahead. During bubble years July home sales came in at over 60,000 for the month while last July they came in at 34,000.


Shadow inventory Armageddon – Foreclosure timeline up to an average of 599 days with 798,000 mortgages having no payment made in over 1 year and no foreclosure process initiated. Shadow inventory grows to over 6,540,000 properties.


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