Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P

 · The housing market’s shadow inventory of unsold homes is starting to clear, certain areas of the country are experiencing signs of more robust activity, and, despite low levels of new-home production (based on historical data), homebuilders are even regaining pricing power in several geographic regions.

3.3 Million – Number of homes listed in October on a seasonally adjusted annualized basis. The number of listings in October is a two percent drop from September and represents a 8.0 month supply of homes. 45 Months – Amount of time it will take to clear the nation’s shadow inventory according to S&P. It’s an improvement from 3 months.

The index is now down 3% from its peak in July, the biggest five-month. Apparently the shadow lenders in CA have a different model than the rest of the country. is going to happen with the housing market after 2-3 years of price discovery.. Its clear Bay Area is the magnetic for high paying tech jobs.

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State of Decay 2: 10 Things To Know When Starting A New Game  · REO Could Become A Serious Problem For HUD/GSEs.. the "shadow inventory"-residential loans at least 90 days delinquent-totaled 1,708,033 properties, roughly 8.7.

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Few retailers have done better than Home Depot. which would take it from $1.03 each quarter to about $3.87. CEO Craig Menear, who took over in 2014, is 60 now, so there’s a good chance someone else.

Construction spending flatlines in May as homebuilding declines  · Construction spending in the U.S. fell in May for the first time in three months as homebuilders cut back and work on factories and transportation structures decreased.

5 CONSUMERS’ MORTGAGE SHOPPING EXPERIENCE indicates, though it also shows that price appreciation has not been consistent across all markets during this period. The reduction in the "shadow inventory" – homes in or subject to foreclosure – has contributed to this trend of rising home prices. While prices in many cities remain below

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