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California Shadow Inventory Impacting Foreclosure Process. Posted by PKHdjv & filed under Stockton Real Estate. HousingWire reported in Shadow inventory rocked by foreclosure snafu that California has about 228,000 homes in shadow inventory. The NAR estimates it would take 11 months to move this much inventory.
Shadow Housing Inventory: The Deception of the Foreclosure Numbers and the real REO Picture. A Case Study of Southern California Real Estate. How 40,000 Homes are Hidden From Public View by Banks.
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Shadow inventory is generally described as the number of homes in bank inventory waiting to be sold plus the homes in that have been foreclosed but for a variety of reasons (redemption periods.
Other New York counties are taking Brooklyn’s lead in dealing with Queens foreclosure cases.. Shadow inventory rocked by foreclosure snafu HUD expands energy conservation challenge to apartments "California’s Housing Future: Challenges and Opportunities", provides in depth research into California’s far reaching housing challenges.
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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.
Since the housing market hit rock bottom a few years ago. and 2008 following the housing crash and onset of the recession, and a large “shadow inventory” of cheap foreclosure and tax sale.
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Home Shadow inventory contracts as investors snap up foreclosures .. which will help absorb the already real estate-owned properties and foreclosed properties in the shadow inventory in 2013.