Shadow Inventory Falls 18% from Peak
CoreLogic reports that the U.S. shadow inventory of homes has fallen 18 percent from its peak; as of April, about 1.7 million homes were in the foreclosure process and headed toward the market.
At the current sales pace, those properties working their way through the foreclosure process represent a five-month supply. According to the Mortgage Bankers Association, home loan delinquencies slid to 8.32 percent in the first quarter, down from a record 10.1 percent a year ago. The
The NATIONAL ASSOCIATION OF REALTORS® says foreclosures and short sales accounted for 31 percent of existing-home sales in May compared to 37 percent in April.
Source: “Shadow Housing Inventory Shrinks,”
Boston Globe (June 23, 2011)
via REALTOR® Magazine-Daily News-Shadow Inventory Falls 18% from Peak.
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About Rebecca Fishkin
I am a professional Real Estate agent in Colorado with a special focus on Larimer and Weld Counties. I serve buyers, sellers and investors, so whether you are a first-time homebuyer, looking for your dream home, or seek a great place to retire, you can rely on me. With in-depth knowledge of Loveland, Fort Collins, Greeley, Berthoud, Windsor and all surrounding communities, I am passionate about helping people. I have the experience, patience and knowledge to focus this passion towards effectively managing your next home purchase or sale. I use the latest technology to fine tune the search for your new home, as well as to market homes and reach as many buyers as possible. Communication is the key to every successful transaction, and I listen to my clients’ needs and responds with honest, timely information. I am also a certified relocaton specialist and can manage the the sale or purchase of a home related to a relocation.
My goal is to manage the real estate process in a low-stress, fun environment. I'd love to help you with all of your Real Estate needs. Contact me me today!
