http://www.corelogic.com/about-us/news/corelogic-reports-shadow-inventory-continues-to-decline.aspx

What Does Shadow Inventory Mean?
A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices improve. Shadow inventory can create uncertainty about the best time to sell (for owners) and when a local market can expect full recovery. Also, shadow inventory typically causes reported data on housing inventory to understate the actual number of inventory in the market.

Read more: http://www.investopedia.com/terms/s/shadow-inventory.asp#ixzz1ZUjlH200

Great articles about these properties. Many have been bracing for these properties inevitable entry to the market. Realtors should be prepared and educated in foreclosures and short sales that will be a large chunk of our business.

 
Post is included in group: Foreclosures & Short Sales
Post is included in group: Short Sale REALTORS®
Post is included in group: Short Sale Specialists
Post is included in group: Short Sales Pre Foreclosures Bankruptcy and More!
Post is included in group: Short Sale Support Group

3 Comments on Shadow Inventories To Be A Large Part Of The Market

SEP
30
2011
371,195 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

So true Mary. BofA just had a huge month here in CA. There will be some great opportunities for buyers ahead.
11:06pm • #1
870,787 Points Outside Blog Called Shot Master

Mary - Thank you for sharing quality information on shadow inventories to be a large part of the market.
11:57pm • #2
OCT
01
2011
617,086 Points 60 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Mary Ellen

Since you posted about shadow inventory -- go check out Steve Harney's KCMblog on shadow inventory. The visual is so graphic about a tidal wave of distressed properties about to enter the market.

 
1:56am • #3


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
599214_4527049859834_1399796851_n

Mary Ellen Holleran

Raleigh, NC

More about me…

Holleran Real Estate & Consulting

Office Phone: (919) 360-4978

Cell Phone: (919) 360-4978

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find NC real estate agents and Raleigh real estate on ActiveRain.