In speaking to some of my friends and relatives who still live there, I learned that the state’s ongoing foreclosure glut has resulted in an interesting phenomenon — a "shadow" inventory of.
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.
SIEGEL: What role in all of this does the so-called shadow inventory play, the many homes in foreclosure, or perhaps soon in foreclosure. say, the kernel of rock-solid truth in all those.
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.
"The Mortgage Bankers Association noted in a Thursday report that a four-year low in serious mortgage delinquencies and a drop in the percentage of loans in foreclosure for the third quarter suggest fewer homes are part of the shadow inventory that’s always threatening prices and creating market uncertainty." This is great news.
The Distressed Property Market and Shadow Inventory in Florida: Estimates and Analysis . Introduction . Florida was one of the states hardest hit by the real estate downturn. delinquencies, foreclosures and short sales have become a significant part of the real estate market in Florida.
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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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Steady job growth and rock-bottom mortgage. up against very limited inventory and having to pay over asking price in order to even have a shot at succeeding due to the number of cash buyers and.
"Shadow inventory" in real estate refers to properties that are already foreclosed on and bank owned (REO.) Basically, any property that is foreclosed that will be on the market in the future, but not yet, is shadow inventory.
rotate casually: younger disraeli shadow inventory rocked by foreclosure snafu Thousands of stalled and vacant condo units that were being held off the market – so-called shadow inventory – threatening to add.