Shadow Inventory To Peak in Summer of 2010: Barclays

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 · The number of distressed properties not currently listed for sale on multiple listing services (MLSs) stood at 1.6 million as of October 2011, according to CoreLogic. This shadow inventory is approximately half of the industry’s visible inventory of homes available for sale, CoreLogic says. Thus, for every two homes available for sale, there is one home.

Shadow Inventory: The new REO Barclays defines the shadow inventory of foreclosures as loans in 90-plus day delinquency or already in the foreclosure process.. The shadow inventory should reach its height in the summer in 2010 before falling gradually as the market absorbs 130,000 distressed properties per month, according to the report.

the home prices in August of 2010 have fallen 1.5 % from the same month the year before.. Shadow inventory is also called the pending supply. It is comprised by the number of properties seriously delinquent (90 day or more), in foreclosure, and real estate owned by lenders not. showed a peak of foreclosure inventory occurred in the fall.

Barclays Capital predicted that it would peak at 4.7 million in the summer of 2010. Capital Economics, a research firm, predicts that the shadow inventory could reach 5.5 million by the end of 2011. Thousands of people remain in their homes after banks have attempted to foreclose on them, because many banks do not have original titles on the homes due to the bundling and securitization of mortgages.

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And for the first time since the summer of 2010, the National Index actually nosed ahead of the year-earlier quarter’s reading, if only by 1.2%.. The "shadow inventory" of residences that are.

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– A report just released suggests that giving homeowners the right to rent their house at a fair market price could be a game changer in the nation’s foreclosure crisis. Gains from Right to Rent in 2010, from analysts at the Center for Economic and Policy Research, suggests that ownership may not be the smartest option for some.

In 2010. when overbuilding hit its peak. The fastest-growing category of vacancies is in homes that the owner would like to sell or rent but are currently "held off" the market, and it is yet.