But this recovery has led to a dramatic decrease in the overall housing inventory. fortunately, there might be some relief from the shortage in sight.. Shadow Inventory: More Houses Will Soon.
Uber, Lyft, and the challenge of transportation startup profits – Despite a massive infusion of venture capital into the transportation sector over the past few years, mobility startups are starting to learn what every transportation business has known for generations: transportation profits are elusive, and the system is mainly held together by subsidies.
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Shadow inventory rocked by foreclosure snafu. Five years and 16 million foreclosures after the 2008 housing crash. A National Association of Realtors (NAR) report in October showed a 5.4 months’ inventory of homes for sale at the current pace,
Foreclosure activity has declined recently in some areas, but a number of states, such as Florida, New Jersey, and Illinois, showed increases in 2012. The national inventory of homes in foreclosure or owned by banks climbed nine percent to 1.5 million homes. Although investors are now buying.
Home listing inventories have fallen in many regions by 30% to 70% year-over-year, despite our ongoing sluggish economy. At the same time, many homes have increased in value by 5% to 20%+ just over the past year. Are banks hiding millions of foreclosures as "Shadow Inventory"?
Tampa foreclosures in shadow inventory may further push down prices in the area this year if they are finally released to the market. A real estate consultant contends that there are more than 14,000 homes in shadow inventory.
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Shadow Inventory in the D.C. Area Much of the discussion of the housing recovery has centered on the idea of a "shadow inventory of homes," those that are in serious delinquency or foreclosure and therefore are likely soon to be bank-owned. The shadow inventory is important because it is part of the excess
· This is the REAL Shadow Inventory. However, this level is not high as it takes 3-6 months for the bank to foreclose on a home. Bank Owned, REO, and listed for sale is 2,088 valley wide.
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