Shadow inventory declines to five-month supply: CoreLogic
Paralleling a decline in for-sale inventory. a report from real estate data aggregator CoreLogic. Shadow inventory was down 14.8 percent year over year in April to 1.5 million units. That’s a.
The risk of further price declines is increasing because the shadow inventory. highest supply of homes that are 90 days or more late on mortgage payments. It would take 16.8 months to sell all.
Home price momentum fades in the stretch A median-priced home too expensive for the average wage earner in 71% of U.S. counties, according to the latest report from ATTOM Data Solutions, highlighting a growing affordability problem that.
According to CoreLogic, the shadow inventory of residential homes hit 1.6 million units, or 6 months' supply, in January, down from 1.8 million units in January.
Negative equity can occur because of a decline in a home's value, an increase. “Further, the relatively low level of shadow inventory contributes to the chronic shortage of housing supply and price increases in many markets.”. These instances account for fewer than 5 percent of the total U.S. population.
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CoreLogic today reported that the current residential shadow inventory (or pending supply) as of April declined to 1.7 million units – a five months’ supply – from 1.9 million units in April 2010.
The inventory fell from 1.9 million homes a year ago to 1.7 million in April, according to the latest report from CoreLogic. The decline occurred in both the visible and shadow inventories. Of the.
That was an increase from 1.9 million, a five-month supply. risk of further price declines in the housing market," CoreLogic chief economist Mark Fleming said. "This is being exacerbated by a.
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The shadow supply of. will continue to decline, a mortgage data firm estimated on Monday. Based on the number, it would take eight months to work through the shadow inventory, compared with five.
After months of declines, the foreclosure numbers are going up. "The decline in the shadow inventory is a positive development. on house prices," said CoreLogic's chief economist Mark Fleming.. Much of the new strength is due to heavy investor demand and a lack of distressed supply for them to buy.
Foreclosures drop to lowest level since 2007 Both the delinquency rate and the foreclosure inventory rate in Q4 2014 for residential mortgage loans fell to their lowest levels since 2007, according to the Mortgage Bankers Association’s.
The current residential shadow inventory declined to 1.6 million units in July, representing a supply of five months, according to new data from Santa Ana, Calif.-based CoreLogic. This represents a.
Mark Fleming, chief economist for CoreLogic commented, "The shadow inventory has declined by nearly one-fifth since it peaked in early 2010, in large part due to a reduced flow of newly delinquent.