Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Allegiance‚Äč Properties          

 The Company of Choice when it comes to Property Management                         


Shadow Inventory 2014

Posted by James Trammell on May 19, 2014 at 1:05 AM

Shadow Inventories Are Quickly Vanishing, Report Says



Daily Real Estate News | Friday, April 04, 2014


For the past three years, the shadow inventory has declined year-over-year and posted double-digit declines for the past 16 consecutive months as the housing market continues to heal, Anand Nallathambi, president and CEO of CoreLogic, says in the company’s February 2014 National Foreclosure Report.


The national residential shadow inventory was 1.7 million homes in January – a 23 percent year-over-year drop from 2.2 million in January 2013. Foreclosures also continued to fall last month, dropping to 43,000 in February, 15 percent lower than year ago levels.


“Although there is good news that completed foreclosures are trending lower, the bigger news is the impressive decline in the foreclosure and shadow inventories,” said Mark Fleming, chief economist for CoreLogic. “Every state has had double-digit, year-over-year declines in foreclosure inventory, which is reflected in the $70 billion decline in the shadow inventory.”


Over the past year, shadow inventory has been falling at an average monthly rate of 41,000 units, CoreLogic reports. The states that hold 42 percent of all distressed properties in the nation are: Florida, California, New York, New Jersey, and Illinois.


Other highlights from the report:

• About 752,000 homes were in some stage of foreclosure or known as “foreclosure inventory” as of February 2014 – a 35 percent drop over year ago levels.

• 1.9 million mortgages – or 4.9 percent – were in serious delinquency by the end of February. Serious delinquency is defined as loans that are 90 days or more past days and includes loans in foreclosure or REO.

• The five states with the highest foreclosure inventory in February (as percentage of all homes with a mortgage) were: New Jersey (6.2%); Florida (6%); New York (4.7%); Maine (3.4%); and Connecticut (3.2%).

• The five states with the lowest foreclosure inventory in February were: Wyoming (0.3%); Alaska (0.4%); North Dakota (0.5%); Nebraska (0.5%); and Colorado (0.6%).


Source: CoreLogic


Categories: None

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.

Already a member? Sign In


Reply Speellepe
9:13 AM on November 21, 2021 
Macrobid 100mg Shop order cialis online
Reply GuenueNed
2:50 AM on November 16, 2021 
prednisolone dogs
Reply Priligy
6:13 PM on November 14, 2021 
Levitra Tagesdosis
Reply furosemide overdose
1:19 PM on November 12, 2021 
Paroxetina Anafranil
Reply prednisolone 5mg tab
12:21 AM on November 12, 2021 
Viagra Comprar Viagra Generico
Reply ivermectin for sale on ebay
2:20 AM on November 10, 2021 
Viagra Rezeptfrei Aus Deutschland
Reply Cialis
7:41 AM on November 9, 2021 
Need Cialis Today
Reply blarace
4:16 PM on November 8, 2021 
where to buy cialis online safely
Reply Sawappeft
11:37 PM on November 7, 2021 
Reply skiniaf
1:02 AM on November 7, 2021 
priligy united states
Reply Speellepe
6:06 PM on November 6, 2021 
Reply Prerpow
12:58 PM on November 5, 2021 
Reply viagra gnc
10:48 PM on November 4, 2021 
Viagra Per Erboristeria
Reply encuche
9:50 AM on November 4, 2021 
where can i buy stromectol
Reply Jasonbic
9:03 AM on November 3, 2021 
female viagra order nexium without prescription tretinoin 005 where to buy ivermectin tadalafil online usa 400 mg fluoxetine tadalafil online sale cost of cialis in mexico accutane price in south africa viagra generic online usa
Reply Wimbic
8:41 AM on November 3, 2021 
ivermectin buy
Reply Annabic
1:42 AM on November 3, 2021 
fast delivery viagra uk
Reply Joebic
9:38 PM on November 2, 2021 
sildenafil 200mg price
Reply Kimbic
7:09 PM on November 2, 2021 
cialis in mexico online
Reply Sambic
3:19 PM on November 2, 2021 
sildenafil buy online india