Shadow Housing Inventory Across the United States Continues to Decrease
Shadow Housing Inventory Across the United States Continues to Decrease
From the Illinois Association of Realtors - IAR Buzz Blog, Stephanie Severs:
The U.S. supply of shadow inventory fell to 2.2 million units in January, a 28 percent drop from its peak in January 2010, according to a new report from CoreLogic.
CoreLogic defines shadow inventory as the pending supply of distressed properties that are seriously delinquent, in foreclosure and being held as real estate owned (REO) by mortgage servicers, but have not yet been listed for sale on multiple listing services.
“The shadow inventory continued to drop at double the rate in January from prior-year levels. At this point in the recovery we are seeing healthy reductions across much of the nation,” said CoreLogic President and CEO Anand Nallathambi in a news release.
If you've been thinking about putting your home on the market, now may be a great time for you to sell.
Call me today at 847-548-2625 to discuss what homes similar to yours are selling for.
Jim Starwalt
Thinking of making a move?
Log onto my website at www.StarHomeFinders.com and search Northern Illinois Homes for sale.
Registering is quick and easy!
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeFinders.com
Jim Starwalt, Broker Associate
RE/MAX Center
Phone: 224-627-7581
Jim@StarHomeTeam.com
Find Me Online
Shadow Housing Inventory Across the United States Continues to Decrease
The U.S. supply of shadow inventory fell to 2.2 million units in January, a 28 percent drop from its peak in January 2010, according to a new report from CoreLogic.
CoreLogic defines shadow inventory as the pending supply of distressed properties that are seriously delinquent, in foreclosure and being held as real estate owned (REO) by mortgage servicers, but have not yet been listed for sale on multiple listing services.
“The shadow inventory continued to drop at double the rate in January from prior-year levels. At this point in the recovery we are seeing healthy reductions across much of the nation,” said CoreLogic President and CEO Anand Nallathambi in a news release.
If you've been thinking about putting your home on the market, now may be a great time for you to sell.
Call me today at 847-548-2625 to discuss what homes similar to yours are selling for.
Jim Starwalt
Thinking of making a move?
Log onto my website at www.StarHomeFinders.com and search Northern Illinois Homes for sale.
Registering is quick and easy!
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeFinders.com
Jim Starwalt, Broker Associate
RE/MAX Center
Phone: 224-627-7581
Jim@StarHomeTeam.com
Find Me Online
Shadow Housing Inventory Across the United States Continues to Decrease
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