Shadow inventory declines by 1.2 million in 2012

"Inventory levels have been trending down since setting a record of just over four million in July 2007. Currently, there are 2.43 million homes on the market, which is 19.3 percent below a year.

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One reason the worst may be behind us is because the so-called "shadow inventory" has been in decline. CoreLogic defines the shadow. the shadow inventory consists of 1.5 million homes,

She says that in a normal market, there’s a comparable shadow inventory of 2.9 million homes. So the key figure-the excess level above the historical trend-is around 3.4 million homes.

The S&P/Case-Shiller Index was up 6.9% over the first quarter of 2012 and up 1.2% over. with 1.5 million, or 3.5%, in July 2011. Month-over-month this year, the national foreclosure inventory was.

Atlanta Real Estate Agent | Janice Overbeck: What is shadow inventory? As of December 2013, approximately 837,000 homes in the United States were in some stage of foreclosure, known as the foreclosure inventory, compared to 1.2 million in December 2012, a year-over-year decrease of 31 percent.

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As of April 2012, 1.5 million homes are in shadow. ""Since peaking at 2.1 million units in January 2010, the shadow inventory has fallen by 28 percent. The decline in the shadow inventory is a.

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Current Market Trends – Low Inventory & Shadow Inventory. It’s no secret to anyone who has paid attention to housing markets over the past year that the number of homes for sale has dropped sharply. For Monterey County, this is the nineteenth month in a row that the inventory has declined year-over-year.

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