shadow inventory: Good News, The Shadow Inventory Is Shrinking! - 09/29/11 08:04 AM
My REALTOR® friend Barry Rose read yesterday's article in REALTOR® Magazine about the real estate shadow inventory and wondered what I thought. The number of homes in the shadows, as measured by CoreLogic, is falling. They basically calculated the number of new foreclosure sales and compared it with new lis pendens filings to see that the rate of sales was higher than the rate of new filings. But I think we should take a broader look.
First of all, the term "real estate shadow inventory" is generally used to define the group of homes in distress that are not currently on … (6 comments)
|
shadow inventory: Keeping An Eye On The Growing Shadow Inventory Of Homes - 09/25/11 06:49 PM
Home sellers who are trying to wait for better days are very wise if they have the staying power, but are going to be greatly disappointed if they must sell a home in the next few years. By measuring the trend of home sellers who choose to not re-enter the market, we can get a feel for the level of unlisted homes for sale that is growing.
One interesting statistic that I track on a daily basis is the number of homes that are failing to sell (AND) not re-entering the market. For our long-time readers who know about the shadow … (0 comments)
|
shadow inventory: Will Pent-Up Supply Be Showing Up In The Housing Market? - 09/04/11 09:50 PM
One interesting statistic that I track on a daily basis is the number of homes that are failing to sell (AND) not re-entering the market. For our long-time readers who know about the shadow inventory, most real estate reports do not consider recently failed home sellers as part of the shadow inventory (but we know better ).
Home sellers who are trying to wait for better days are very wise if they have the staying power, but are going to be greatly disappointed if they must sell in the next few years. By measuring the trend of home sellers who choose … (0 comments)
|
shadow inventory: What Is Your Shadow Inventory Definition? - 11/22/10 09:36 AM
Shadow Inventory was the hot topic for Inman News this morning. They reviewed a report by CoreLogic which showed the inventory of “not on the market” homes that need to be sold is growing at a disheartening pace, stating demand as the primary culprit:
Weak demand for housing is “significantly increasing the risk of further price declines in the housing market,” said CoreLogic Chief Economist Mark Fleming — a problem that’s exacerbated “by a significant and growing shadow inventory that is likely to persist for some time” because of the length of time it takes loan servicers to liquidate properties.
What … (2 comments)
|
shadow inventory: Beware The Stealthiest Portion Of The Shadow Inventory - 08/18/10 09:04 AM
I have been conducting a real estate shadow inventory analysis lately in order to gain an understanding of just how long the housing market recovery is most likely going to take. With differing reports being published around the country, I felt that a true analysis of our local numbers would yield a much better report than just the hot wind being reported by the lobbyists of the National Association of REALTORS® and the National Association of Home Builders.
The first thing I had to do was to define exactly what the shadow inventory in real estate comprises. Most people nationwide use … (10 comments)
|
shadow inventory: Greatest Problem In The History Of The US Housing Market? - 06/11/10 09:38 AM
Based upon the feedback that I received on the first two posts in my series on the Real Estate Shadow Inventory, I can tell that many real estate professionals around the country do not even have a great awareness of its impact in their market area. I have pointed out recently that I think the shadow inventory might be the most significant problem in the history of the housing market, yet the majority of my peers don’t think the problem is nearly that large.
If you did not catch my first post titled Measuring The Shadow Inventory or the second one … (2 comments)
|
shadow inventory: Measuring The Shadow Inventory Neighborhood By Neighborhood - 06/09/10 08:37 AM
This is the 2nd blog post in my series on Measuring The Real Estate Shadow Inventory. As you might remember, we addressed the sources of supply in the “Shadow Inventory” of homes that need to be sold but are not currently on the market. Over the past several days, we have been compiling our results from the Tallahassee MLS and they are a bit disturbing.
For many years now I have been reporting on the growing shadow inventory, while NAR and most real estate bloggers are glossing over or ignoring what could be the biggest news in real estate since the … (4 comments)
|
shadow inventory: Project Next: Measuring The Shadow Inventory Of Homes - 06/07/10 05:53 AM
This is the first part of a multi-part series concerning the shadow inventory in real estate. For more than two years now, it appears as if most real estate publications and reporting services are glossing over what could be the biggest problem in the history of the housing market.
Just a reminder, the Tallahassee Real Estate Newsletter published the 25th Edition today and was sent to all subscribers. If you haven’t taken the time to subscribe yet, you can click this link to receive the most informative newsletter about Tallahassee and the real estate market.
Measuring The Real Estate Shadow Inventory … (4 comments)
|
shadow inventory: "Failed To Sell" Homes Feeding Shadow Inventory - 05/02/10 03:30 PM
The rate at which homes “failed to sell” has been dropping since August 2009, when the rate hit 85%. We measure the total number of listing failures (homes that expired, canceled, or were withdrawn) in the Tallahassee MLS, and divide that number by the total number of new listings over the same period of time. Currently, the trend is at 72%, which while better than before, still isn’t very good if you want to sell a home.
The “failed to sell” trend is something that we find very disturbing, as the shadow inventory of homes is growing larger and larger … (0 comments)
|
shadow inventory: New Evidence Points To Growing Shadow Inventory Of Homes - 04/15/10 06:09 AM
New evidence revealed in the latest Tallahassee Foreclosure Report indicates that distressed properties are being processed in a more efficient manner, leading us to believe that they will soon be entering the market. As one of the leading sources for the often discussed shadow inventory, we keep a vigilant eye on the processing of foreclosures in our area.
Homes in the shadow inventory are poised to explode, entering a market that is already filled with a glut of homes for sale. For our new readers who are not up to speed on the shadow inventory, the following articles cover this … (6 comments)
|
shadow inventory: Are You Ignoring The Shadow Inventory Too? - 03/25/10 08:06 AM
The National Association of REALTORS® released its monthly spin on the market two days ago, and I am noticing a growing trend of careful omission that seems to extend from coast to coast. Apparently, everybody is just hoping the shadow inventory of homes is just going to go away.
When reports and reporters talk about housing inventory levels, they need to address whether or not changing levels are caused by sales, or because of some other action. For example, if somebody plans on selling their home “when the market recovers,” aren’t they just “inventory in waiting?”
In the February Existing … (5 comments)
|
shadow inventory: Signs Show Shadow Inventory Of Homes Is Growing - 11/26/09 10:36 AM
Yesterday, I received a great comment by a Destin, FL REALTOR® who pointed out that the shadow inventory of homes has many more components than just the defaulted mortgage pool. His example was of homes in a new neighborhood, developed in 2005, where all of the home owners are now upside-down on their mortgages.
As he explained in his comment on the Tallahassee real estate blog, Jim noted
Until that whole neighborhood turns over, it is going to have downward pricing pressure. We are talking about hundred of homes within a small radius.
So what this means, in a nutshell, … (8 comments)
|
shadow inventory: Foreclosures Affecting Shadow Inventory Means Trouble - 11/24/09 06:41 AM
We have been keeping an eye on home foreclosures in Tallahassee for several years now and have warned that a log-jam of homes has been accumulating in the shadow inventory. In today’s foreclosure update, we’ll look at the location trend of homes that are being added to the “distressed properties” list in the Tallahassee real estate market.
The foreclosure process begins with a lis pendens filing, so we make sure that we track not only the final foreclosure sale, but also the monthly lis pendens filings in Tallahassee. When we construct a real estate graph of these two important concerns, we … (2 comments)
|
shadow inventory: How To Find Your Shadow Inventory - 09/10/09 07:11 AM
Yesterday, I received an insightful question regarding the shadow inventory of homes in Tallahassee from a reader “Garrett” who asked:
I’d like to hear your thoughts as to whether there is a substantial “shadow inventory” of homes in Tallahassee at the moment? By shadow inventory I mean housing units that are not making it onto the public market for one reason or another. Many of these may be REO units that banks are currently unwilling to put on the market as they will have to accept a write-down. There may also be a substantial number of homeowners who have simply … (4 comments)
|
shadow inventory: Looming Shadow Inventory Soon To Impact Housing Market - 07/01/09 03:57 PM
If you read the most recent Tallahassee Real Estate Newsletter, then you will know a little about the supply of homes that we know exists that are not currently on the market. This “shadow inventory” is the growing number of homes that were once on the market and failed to sell, or are the homes that we know are currently distressed properties but are yet to hit the market as short sales or foreclosures.
One way that we can monitor the shadow inventory is to track home mortgage loan defaults and delinquencies, and thanks to Tallahassee Real Estate Blog Reader … (0 comments)
|
;)
;)
;)
