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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,
Chicago Foreclosure Activity: Defaults Approach New Low. Tweet.. Although foreclosures are fading overall, there has been a notable an [sic] uptick in foreclosures completed by some nonbank.
“Prices are at rock bottom and people are jumping on it. Realtors are worried about the so-called “shadow inventory” of homes slowly working through the foreclosure process. Banks and the.
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A musical pun is the inspiration for the name of a website – www.REOdeedwagon.com – that the N.C. Bankers Association created to connect consumers with bank-owned foreclosed. inventory typically.
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The shadow inventory however is slightly different from the inventory just described above. The shadow inventory can best be defined as the homes that are very likely to be up for sale soon but are not right now. A majority of these homes that make the shadow inventory are homes that have been foreclosed.
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Where Did All The "Shadow Inventory" Homes Go? Foreclosure is that black sheep of the real estate industry that could mean great deals for the unexpected homeowner, but overall long-term decreasing property values and demand in the market.
SHADOW INVENTORY OF BANK OWNED HOMES- MYTH OR REALITY-METRO PHOENIX SHADOW INVENTORY OF BANK OWNED HOMES- MYTH OR REALITY-METRO PHOENIX Hi this is Jeff Cameron from MRW Homes here is Scottsdale Arizona. Today we are going to look into more detail about the Shadow Inventory of Single Family Residences and how we can keep an.Read More
"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."