Tag Archive

Foreclosures down nationwide!

Published on 10/31/2012 By Jflook

The number ofU.S.homes lost to foreclosure dropped for the fifth month in September, with real estate data aggregator CoreLogic counting 57,000 completed foreclosures in a monthly foreclosure report released today. That’s a 31.3 percent decrease from a year ago, and 3.4 percent less than August’s upwardly-revised total of 59,000. By comparison, for a span of […]

REO properties being held in inventory

Published on 08/01/2012 By Jflook

It would seem that the shadow inventory is larger than most have expected.  The shadow inventory are REO (Real Estate Owned) properties, or more commonly bank owned foreclosures.  As many as 90 percent of REOs are withheld from sale, according to estimates recently provided to AOL Real Estate by two analytics firms. It’s a testament […]

NAR urges lenders to release REO properties

Published on 07/27/2012 By Jflook

The pending homes sales index jumped up 9.5% from last year in June, making 14 consecutive months of year over year gains, ending at 99.3.  An index of 100 is equal to the average level of contract activity in 2001, which was considered a historically healthy year for pending home sales.  The National Association of […]

Shadow inventory exposed to the light!

Published on 06/15/2012 By Jflook

In April the Shadow inventory of distressed properties in theUS housing market hit a new low that paralleled the decline in for sale inventory.  Shadow inventory is defined as properties seriously delinquent by 90 days or more, in the foreclosure process, and those that have finished the foreclosure process and become REO (real estate owned) […]