Shadow Inventory To Peak in Summer of 2010: Barclays

Shadow inventory sales for years to come – 1.6 million distress sales in 2010, 1.6 million in 2011, and 1.5 million in 2012. By summer of 2011 REO pipeline will rise to 536,000. Posted by mybudget360 in banks , debt , mortgages , real estate

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The stubborn resistance of shadow inventory – six states make up over half of all shadow inventory. 3,000,000 distressed properties sold since January of 2009. There is an interesting trend that continues to be a hallmark of the shadow inventory .

Oct, the current price at any end is 30% below the peak at 2005. The price of low end home now is about 50-60% below peak in certain areas of CA. The reason there is a shadow inventory is because the banks don’t want to put them out there to push the price lower. Banks don’t have to write them down either.

Shadow Inventory To Peak in Summer of 2010: Barclays BarCap: MERS foreclosure issues may be spreading to commercial real estate Jon Prior was a reporter with HousingWire through late 2012.

CoreLogic: 791,000 underwater homes return to positive equity "Negative equity is the most important predictor of default." The 25% plunge in residential real estate prices from their 2006 peak has left homeowners underwater by $745 billion, according to.

Shadow Inventory. How to Profit. What Las Vegas Real Estate is Lurking in the Shadows? Barclays Capital speculated last month that non-performing loans (NPLs) may peak in 2010. A few weeks on, and the bank is saying net-charge-offs (NCOs) may have peaked based on US banks’ recent.

Barclays Smart Investor is a trading name of barclays investment solutions limited. barclays Investment Solutions Limited is authorised and regulated by the Financial Conduct Authority. (Financial Services Register number: 155595). Barclays Investment Solutions Limited is a member of the London Stock Exchange & NEX. Barclays Bank PLC.

from its peak of around 69% to the mid60% area, which is close to levels last seen in – 1996 (Figure 3). The numbers are even lower once we strip out seriously delinquent and foreclosed mortgages (shadow inventory). At that point, the real homeownership rate falls to the low 60% range, which we believe is more sustainable.

Barclays defines the shadow inventory of foreclosures as loans in 90-plus day delinquency or already in the foreclosure process.. The shadow inventory should reach its height in the summer in 2010 before falling gradually as the market absorbs 130,000 distressed properties per month, according to the report.

The Washington area has a "shadow inventory" of about 67,000 properties that could go into foreclosure this year, an 11-month supply at the current sales rates, according to research by John Burns.

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