(Save the Date: RealShareOrange County 2012 comes to the Hyatt Regency,Irvine, August 16.)
SANTA ANA, CA-Recent CoreLogic research shows that the currentresidential shadow inventory as of April 2012 fell to 1.5 millionunits, representing a supply of four months. This was a 14.8% dropfrom April 2011, when shadow inventory stood at 1.8 million units,or a six-months' supply, which is approximately the same level asthe country was experiencing in October 2008.
Currently, the flow of new seriously delinquent (90 days ormore) loans into the shadow inventory has been approximately offsetby the equal volume of distressed (short and real estate owned)sales. CoreLogic estimates the current stock of properties in theshadow inventory, also known as pending supply, by calculating thenumber of distressed properties that are seriously delinquent, inforeclosure and held as real estate owned by mortgage servicers butnot currently listed on multiple listing services.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
