Archive for the 'shadow inventory' Category

Lords of the shadow inventory – over 3 million homes locked away in shadow inventory near peak levels. Prices must fall to prevent massive drawn out drag to economy. California sold 38,000 homes in June but added 43,000 foreclosure filings.


Housing Apocalypse Tomorrow – 675,000 homes in foreclosure have made no payment in over two years. The never ending pipeline of troubled real estate.


The never ending pipeline of shadow inventory – 1,800,000 homes in foreclosure while another 2,000,000 are underwater by 50 percent. No housing recovery without clearing out shadow inventory and expanding real household wages.


7 charts exploring the U.S. housing market – Bank of America bad bank model and leaking out $1 trillion in mortgages over 3 years. 7 million loans non-current in U.S. Option ARMs winning prize for worst performing mortgage product ever.


The long road to a housing recovery – 279,000 California homes in shadow inventory. 2.1 million versus 4.85 million homes nationwide in the shadow inventory pipeline. Only 8,000 bank owned homes show up on the SoCal MLS yet statewide banks own 90,000 homes.


California has nearly 9 years of housing supply – MLS lists 176,000 properties while total shadow inventory is over 468,000. A detailed real estate count of all 58 California counties.


Foreclosures, Auctions, and Banks Obscuring Financial Data. Southern California Shadow Housing Inventory Report – MLS Lists 64,000 Homes but Shadow Inventory over 160,000.


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