Shadow Inventory To Peak in Summer of 2010: Barclays

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Wednesday, September 15, 2010; 12:24 AM. Shadow inventory — the supply of homes in default or foreclosure that may be offered for sale — is preventing prices from bottoming after a 28 percent plunge from 2006, according to analysts from Moody’s Analytics Inc., Fannie Mae, Morgan Stanley and Barclays Plc.

ratios, or months’ supply, based on the visible inventory (from Census and NAR) and CoreLogic shadow inventory and home sales data. As of August, the visible inventory of unsold homes stood at about 4.2 million homes, which is at from a year ago and down nearly 18 percent from its monthly peak in July 2007 (Figure 8).

The stubborn resistance of shadow inventory – six states make up over half of all shadow inventory. 3,000,000 distressed properties sold since January of 2009. There is an interesting trend that continues to be a hallmark of the shadow inventory .

The amount of REO inventory held by lenders is expected to peak in August 2011 at 545,000 properties, according to analysts at Barclays Capital.

Freddie Mac outlook: Housing activity remains stale Idaho becomes latest state to adopt comprehensive AMC laws Idaho law requires an adoptive parent be at least twenty-five (25) years of age OR fifteen (15) years older than the child they are adopting. Individual adoption agencies may have additional age requirements. There are no maximum ages for adoption from the Idaho child welfare adoption program.Like Fannie Mae, Freddie Mac’s economists are viewing the disruptions from the recent hurricanes. housing permits are issued in those counties in Florida and Texas that were included in the FEMA.

They set an interim low in May 2009 and rallied into the summer of 2010 before turning down again. the spring selling season has been a bust. While the inventory to sales ratio for used homes is.

The Washington area has a "shadow inventory" of about 67,000 properties that could go into foreclosure this year, an 11-month supply at the current sales rates, according to research by John Burns.

Shadow Inventory: The new REO A ‘hockey stick’ recovery. they are still far lower than the peak of $3,800 reached in the fourth quarter of 2007.. and shadow inventory has not been resolved," said Jonathan Miller.

A ‘hockey stick’ recovery Since late 2008, most residential data shows long plunge followed by only a small, recent rebound By Catherine Curan | September 01, 2010 07:00AM

SIGTARP Warns of Second Housing Bubble When most people read the term "real estate bubble" or "housing bubble," they likely think of the 2007-08 financial crisis. However, the common man doesn’t know much about bubbles beyond their relationship to the recent economic collapse. today, most experts agree that, on a national level, we are not in a real estate bubble.Freddie delinquency rate down to lowest level in nearly 3 years The distressed-servicing market is substantially smaller than what it was only a few short years ago. The business is in a period of real change.” Many Americans are also facing significant economic.

Home First American Sees 1.7m in Shadow Inventory.. Shadow Inventory To Peak in Summer of 2010: Barclays . Jon Prior was a reporter with HousingWire through late 2012.

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