California’s low residential vacancy rates signal more construction
Residential vacancy rates – along with jobs and residential construction – declined rapidly in 2020.
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Tag: shadow inventory
Rising 90+ day mortgage delinquencies are the foreclosure shadow inventory
The longer the shadow grows, the greater the tidal wave of foreclosures to come.
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Shadow inventory finds a new hiding place
Shadow inventory seems to be decreasing rapidly, but is it really?
Read MoreWhere have all the houses gone?
Why can’t I find homes for my buyer-occupant clients? Will low housing inventory pull us out of the recovery? Part II of an article series discussing the housing recovery’s prescription: buyer occupant demand.
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Defaults and foreclosures in a steady decline, for now
This article presents the trends revealed in the first quarter 2012 default and foreclosure data.
Read MoreShadow inventory lurks within lender balance sheets
For every two homes available for sale, there is another in lender shadow inventory, according to a report by CoreLogic. Nationally in October 2011, 1.6 million residential units were shadow inventory comprising property...
Read MoreFrannie’s REOs lying around with nowhere to go
What should the Administration do about Frannie’s REO inventory? Sell the REOs in bulk to investors. (44%, 35 Votes) Leave it to Frannie to continue selling the REOs. (35%, 28 Votes) Turn the REOs into rental property. (21%, 17...
Read MoreMore bad news for HAMP
The Administration’s Housing Scorecard for May 2011 was recently released, giving detailed assessments of the ten largest lenders participating in the Making Home Affordable Program, which includes the Administration’s own Home...
Read MoreWhere the buyers are
Where the buyers are Shadow inventory, meet the shadow households. Nearly one million households nationwide will be created in 2011 – roughly 130,000 in California alone – and start driving real estate sales and consumption in...
Read MoreThe foreclosure machine grinds again
Updated 10/28/10, updates appear below in blue Don’t blink — with dizzying speed and (supposed) efficiency, Bank of America (BofA) has announced it will resume foreclosures in the 23 states it halted foreclosures in several...
Read MoreHomeowners: Give away your property or wait for foreclosure?
Lenders are targeting underwater homeowners in a campaign to attract those interested in bypassing foreclosures and short sales and simply deeding over the title of their property to the lender. Bank of America is offering cash...
Read MoreHousing shortage or housing surplus?
As the nation’s residential real estate market begins to ascend out of its valley of economic despair, some are suggesting we may be fast approaching a new national crisis: a housing shortage. With fewer than 400,000 new...
Read MoreCalifornia January home sale volume falls from December and one year ago
Statewide, 27,858 new and existing homes were sold in January, down 33.4% from December, and down 5.4% from January one year ago. 15,361 of these homes were sold in Southern California (So Cal), down 31.2% from December, and up...
Read More4Q 2009 California Foreclosure Data
Foreclosure resales accounted for 40.7% of all California resales recorded in the fourth quarter of 2009, down from 42.7% in the third quarter of 2009, and 54.4% one year ago. Lenders are experiencing a backlog in processing...
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