“This big improvement indicates we are working toward resolving the backlog of the most distressed assets in the shadow inventory.” So far in 2013, home foreclosure filings in the Dallas-Fort Worth.
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The WSJ thinks it’s 1) sellers taking their houses off the market to wait for prices to go up; 2) investors swooping in (often with cash offers) and getting all the good stuff; and 3) the foreclosure.
Shadow inventory rocked by foreclosure snafu analysts are saying that the banks should be putting their entire shadow inventory on the market and get rid of it. Homeowners and other folks disagree. They say if all of the banks’ foreclosure inventories went on the market at the same time it would flood the market and impede the recovery of the.
But this recovery has led to a dramatic decrease in the overall housing inventory. Fortunately, there might be some relief from the shortage in sight.. Shadow Inventory: More Houses Will Soon.
Shadow inventory or the "pending supply" is calculated from the number of properties that are seriously delinquent, in foreclosure, or held as owned real estate (reo) by lenders but not currently.
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