The shadow inventory of repossessed and soon-to-be repossessed homes not yet visible to the market has been trimmed, according to CoreLogic. The company reports that as of April 2011, the industry.
As of January, the shadow inventory declined to 1.8 million units, representing a nine-month supply, CoreLogic reports. The shadow inventory stood at 1.8 million units in January. A year ago, the pending supply, was about 2 million units. CoreLogic research indicates that although a material portion.
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"The shadow inventory remains persistent even though many other metrics of the housing market show signs of improvements," said CoreLogic economist Mark Fleming. "In some hard hit markets the demand for REO and distressed property is now outstripping supply."
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CoreLogic has reported that the current residential shadow inventory as of April 2011 declined to 1.7 million units, representing a five months’ supply. This is down from 1.9 million units, also a five months’ supply, from a year ago. The decline was due to fewer new delinquencies and the high level.
Research firm CoreLogic released its latest residential shadow inventory study yesterday, reporting that the ever-nebulous sector of housing in January 2012 stood at 1.6 million units, or a six months’ supply.. That total is the same as October 2011, but is down from the 1.8 million units in January 2011.
That was an increase from 1.9 million, a five-month supply. of further price declines in the housing market,” CoreLogic chief economist Mark Fleming said. “This is being exacerbated by a.
Despite what it termed "decidedly good news over the past quarter" regarding house prices, Frank Nothaft, Chief Economist of Freddie Mac said today that "the ominously termed ‘shadow inventory. on.
Mark Fleming, chief economist for CoreLogic commented, "The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent.
The nation’s residential shadow inventory as of July declined slightly to 1.6 million units, representing a supply of five months, according to a report from CoreLogic. That’s down from 1.9.
December 2010 Housing Inventory Declines, but Shadow Inventory Jumps. The nation’s combined total housing inventory, which includes shadow properties and current listings, reached 6.3 million units in August, up from 6.1 million a year ago, according to data from ZipRealty and CoreLogic.