Tag Archives: shadow inventory

Shadow Inventory in July Falls by 30% Year over Year

Lender Processing Services recently previewed its latest Mortgage Monitor, revealing that, at the end of July, more than 4.5 million mortgages were still distressed (some more distressed than others). This indicates a massive reduction in pre-sale foreclosure inventory, also known as “shadow inventory.” The pre-sale inventory between June and July was down 2.82% to a […]

Shadow Inventory and Foreclosure Rates Drop

The recent National Foreclosure Report from CoreLogic announced that the foreclosure inventory — that is, the number of homes in foreclosure — fell by 2.9%, dropping from 1.4 million homes in some stage of foreclosure during the month of April to 1.0 million homes in May. This inventory represented 2.6% of all mortgaged homes in […]

Shadow Inventory Falls 18% Year Over Year in January

CoreLogic recently reported that the shadow inventory during the month of January dropped 18% from its January 2012 levels. There are now 2.2 million homes that are considered seriously delinquent, in some stage of foreclosure or REO (real estate owned) by a lender but not listed anywhere as being for sale. Further, January’s figure was […]

Shadow Inventory Drops to Lowest Level in Over Three Years

A report from CoreLogic that was released this morning shows that the number of homes coming onto the market fell to the lowest level in more than three years. In July, the pending supply of homes — known as “shadow inventory” — was only 2.3 million units, down 10.3% compared to 2.6 million units last […]

2.1 Million More Homes Added to Already Glutted Inventory

CNNMoney.com reported today that an additional 2.1 million houses have been added to the supply at the end of August — up from 1.9 million units in August 2009. These are homes that are either repossessed by lenders or are very seriously delinquent. This “shadow inventory” has increased by 10% during the past year to […]

Affordable Financial Services LTD Weekly Finance Review

Never did we see a more important dichotomy in the releases on the state of real estate in the past week. First, Standard and Poor’s released a report that stated it will take three years to clear the shadow inventory from the markets, though this number will vary widely based upon location. Three years of […]