As New Jersey has reported that about 20 percent of existing home sales over the last year were distressed sales it will take a longer period for the shadow inventory to clear than at Nevada’s 70.
Right now, there could be more than 4.5 million homes in "shadow inventory," according to a recent report by Barclays Capital. This so-called shadow inventory is a recent phenomenon. In the past.
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According to Core- Logic, there are 5.4 million homes that are for sale or part of the market’s "shadow inventory. you smiling for years to come. If there’s any chance you can refinance into a.
S&P: Shadow Inventory Still a Concern. Reason to Extend Fed’s MBS Program?. Noting that the Case Shiller/S&P Home Price Index had risen 3 percent since hitting its low in May of last year.
Mortgage rates shoot up to their highest level in nearly 8 years – Strong employment numbers caused mortgage rates to take off with the 30-year fixed-rate average the highest it has been in nearly eight years. demand is still strong. With home price growth.
"Shadow inventory," millions of distresses homes that could suddenly be put up for sale, and depress home prices even further is an ominous cloud hanging over the struggling housing market. Standard & Poor estimates that there is between 4 and 5 million homes in shadow inventory that can potentially be added to the glut of unsold homes already.
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New-home sales fall to a nearly 3-year low, inventory surges. Share This Article.. At October’s sales pace it would take 7.4 months to clear the supply of houses on the market, the most since.
Soaring inventories at U.S. chip companies are likely to worsen as the U.S.-China trade war casts a shadow over. expectations, inventory levels would decrease and support the “snapback narrative”.
As of the end of Q1 of 2012 there was over $300 billion in shadow inventory property. This of course is based on conservative estimates since there are many more places 30+ days late. You can see from the chart above that it would take a good amount of time to clear this inventory.