But the bust intervened, and it sat fallow on the state’s inventory for a decade. dubbed by one observer "Pohl-Brown Town." Pohl first broke out of the business pages and onto the front page with.
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If ever there were a "squishy" data set, one that is quite difficult to get a good handle on due to the paucity of reliable, publicly available data, it is the inventory of foreclosed homes that.
In a nutshell, it’s quite simple, and frankly, very good news for those of us in the REO business, selling foreclosures for banks. Watch this video and you’ll see that we are merely in the eye of the REO storm, as it appears that the Shadow Inventory bubble is preparing to burst and provide us with opportunities to sell REO homes like never before.
Back to the article: “Ivy Zelman did a simple exercise of adding shadow inventory. properties (foreclosures or short sales.)” (diana olick realty check, CNBC) Sure, the low end of the market is Jim.
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Home listing inventories have fallen in many regions by 30% to 70% year-over-year, despite our ongoing sluggish economy. At the same time, many homes have increased in value by 5% to 20%+ just over the past year. Are banks hiding millions of foreclosures as "Shadow Inventory"?
The inventory glut is concentrated in the used home segment of the market, and that is also where the “shadow inventory resides. before the avalanche of houses in foreclosure simply swamped the.
So with foreclosures slowing, fewer distressed homes have hit the market. The so -called “shadow inventory” of homes – those with severely.
Home Shadow inventory contracts as investors snap up foreclosures .. which will help absorb the already real estate-owned properties and foreclosed properties in the shadow inventory in 2013.
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the lack of “shadow inventory” from foreclosures. This will eventually help the purchase market also. We know that in some areas – such as south Orange County – the distressed supply of listed homes.
Sarasota Real Estate Market Sets Records in 2015 Sarasota Home Prices and Home Values. The median home value in Sarasota is $261,900. Sarasota home values have gone up 3.2% over the past year and Zillow predicts they will rise 1.0% within the next year.