Shadow inventory rocked by foreclosure snafu

"The Mortgage Bankers Association noted in a Thursday report that a four-year low in serious mortgage delinquencies and a drop in the percentage of loans in foreclosure for the third quarter suggest fewer homes are part of the shadow inventory that’s always threatening prices and creating market uncertainty." This is great news.

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shadow inventory.5 Economists generally believe that housing prices will not fully recover until the bulk of the shadow inventory has been disposed of.6 Lower-income neighborhoods of color have been particularly affected,7 although foreclosures have a large negative impact on house prices, residential investment, and durable

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"Just as shadow inventory is the stock of properties in delinquency or foreclosure that are not yet for sale," he says, "these buyers waiting in the wings are the new "shadow demand."

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Incremental improvements – Jim Folkman, executive vice president of the Home Builders Association of Central New Mexico, says that this year and even 2013 will be much like 2011 in that we can expect “some small, incremental.

shadow inventory. Shadow inventory: the threat that wasn’t. Considering the sluggish sales activity, rock bottom pricing and glut of foreclosures, the national housing market is suffering.

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California Shadow Inventory Impacting Foreclosure Process. Posted by PKHdjv & filed under Stockton Real Estate. HousingWire reported in Shadow inventory rocked by foreclosure snafu that California has about 228,000 homes in shadow inventory. The NAR estimates it would take 11 months to move this much inventory.

The Wall Street Journal has an article about this shadow inventory today. It explains what’s going on in areas hard-hit by the housing bubble’s pop: Legal snarls, bureaucracy and well-meaning.

Shadow inventory refers to uninhabited or soon-to-be-unininhabited real estate that that has yet to be put on the market. It’s most often used to indicate properties that are in foreclosure but.

In a nutshell, it’s quite simple, and frankly, very good news for those of us in the REO business, selling foreclosures for banks. Watch this video and you’ll see that we are merely in the eye of the REO storm, as it appears that the Shadow Inventory bubble is preparing to burst and provide us with opportunities to sell REO homes like never before.

Freddie Mac: Mortgage rates remain steady Mortgage rates slightly increased after dropping last week for the first time in more than two months, however, they could soon begin their upward climb once again, according to Freddie Mac’s.