Shadow inventory declines to five-month supply: CoreLogic

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Research firm CoreLogic released its latest residential shadow inventory study yesterday, reporting that the ever-nebulous sector of housing in January 2012 stood at 1.6 million units, or a six months’ supply.. That total is the same as October 2011, but is down from the 1.8 million units in January 2011.

Freddie Mac outlook: Housing activity remains stale Ryan, who has supported legislation to have the Fed focus solely on stable prices. that discussed whether mortgage companies Fannie Mae and Freddie Mac should take more losses to support housing.

Detroit's total housing supply continues to shrink: more than 45,000 units. Old housing stock means that homes may need significant repairs and may not. Detroit's decrease in residents ages 25 to 44 (figure 5) indicates a weak demand for. Your first $300 to $350 [of the rent received] goes to property tax, monthly.

CoreLogic reports that housing is seeing a sharp decline in shadow inventory levels, falling under 2 million units in April, representing a 5.3 month supply as shadow inventory levels have dropped.

How to Buy Bank Owned Real Estate CoreLogic’s monthly National Foreclosure Report shows 52,000 completed foreclosures for May– down 27% from the same month a year ago. The report also estimates that shadow inventory– properties not yet in foreclosure but are likely to be in foreclosure in the future, is down 18% in the past year.

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