Posts tagged "shadow inventory"
A little more than a week ago CoreLogic released their shadow home inventory report for October at the national level which shows that the shadow inventory, while down from last year, is basically unchanged from the last report for July. It is also at the same level it was in January 2009. CoreLogic’s graph below... Read more »
Many of the housing bears seem to obsess about the shadow inventory of homes that are out there just waiting to depress home prices even further. However, last week CoreLogic released their 2nd quarter report on the shadow inventory of homes and at the national level it showed a decline from 1.9 million units in... Read more »
Yesterday I posted on the huge shadow inventory of homes in Chicago and the nation. However, CoreLogic also reported on an even bigger threat to the recovery of the housing market in the form of homeowners who are seriously underwater on their mortgages. The number they reported is staggering: In addition to the current shadow... Read more »
CoreLogic released their shadow inventory numbers for April yesterday and it shows a decline in the absolute number of homes that are not yet on the MLS but are distressed – 90 days or more delinquent, in foreclosure, or already owned by banks. The numbers declined from 1.9 MM units a year ago to 1.7... Read more »
Maybe the groundhog didn’t see his shadow last week but S&P sure did. Well, actually S&P looked at shadow inventory on January 25 and it was long and dark for Chicago. Shadow inventory is the sum total of all distressed homes that are either already owned by banks or in some stage of trouble... Read more »