shadow inventory: Is there REALLY a REO/Foreclosure Home Shortage??
- 06/28/12 07:13 PM
Is there really a REO/foreclosure home shortage? According to Realtor Magazine real estate investors are starting to report indications that the housing recovery could be starting to gain some solid foundations. One indication in particular could not only be a positive sign for the market, but could actually spur more investing as would-be investors rush to get in on the bargains before they miss their chance. There may actually be a shortage of REO deals. According to a report in Bloomberg, recovering markets like Phoenix and Miami may have bottomed out, with the result that bulk-REO buyers are starting to have … (2 comments)
shadow inventory: More Disturbing News Regarding Home Prices
- 06/17/11 06:43 PM
There is more disturbing news regarding the real estate industry and the anticipated turn around ion values. Many have predicted that the bottom has been reached and that prices will soon begin to rise – even by the end of this year. I have consistently maintained that values in certain areas will rise but that in general, values will continue to fall for quite some time. My opinion is based upon the realization that there is approximately 36 months’ worth of shadow inventory being held out of the market by lenders. This means that if not one new home comes into … (1 comments)
shadow inventory: Shadow Inventory Reports Indicate Recovery Still Far Away
- 03/29/11 06:53 PM
The shadow market is coming out of the shadows, and the numbers are staggering. According to a report released yesterday by LPS (Lender Processing Services), “foreclosure inventory levels [stand] at 30 times monthly foreclosure sales volume.” As a result of this massive backlog, real estate analysts expect more downward pressure on U.S. home values as most of these homes are likely to reenter the market as REO properties rather than being sold in another more profitable manner. The statistics on the foreclosure backlog are also staggering, with LPS reporting that the average U.S. loan currently in foreclosure has been delinquent for … (5 comments)
Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement
Is there really a REO/foreclosure home shortage? According to Realtor Magazine real estate investors are starting to report indications that the housing recovery could be starting to gain some solid foundations. One indication in particular could not only be a positive sign for the market, but could actually spur more investing as would-be investors rush to get in on the bargains before they miss their chance. There may actually be a shortage of REO deals. According to a report in Bloomberg, recovering markets like Phoenix and Miami may have bottomed out, with the result that bulk-REO buyers are starting to have … (2 comments)
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