Shadow Inventory. The inventory of homes in a specific area that is in a distressed situation. Meaning, they are in pre-foreclosure (NOD), an auction date has been set or are they are bank owned. These properties will be sold at a discounted rate, and due to their nature, inversely affects our real estate health.
“The problem is you have all these properties coming down the pipeline that are nearly certain to hit the market. That’s going to be a negative for the supply-demand equation,” said Diane Westerback, Managing Director for S&P and an author of CNN’s report in January of this year.
http://money.cnn.com/2011/01/20/real_estate/shadow_inventory_rise/index.htm
Do you have any you idea how many homes in your zip code are distressed?
Over 200 homes in the 91103, 91106, 91105 and 91108 are in distressed situations which can lead to your property values to diminish if and when they are sold at a discounted price.
Email me and I can give you an idea of what home are distressed in your area. Knowledge is everything!
Christina
This so-called “shadow inventory” may depress home values and delay the housing market recovery.
S&P defines shadow inventory as properties whose borrowers are (or recently were) 90 days or more delinquent on their mortgage payments, ones currently or recently in foreclosure or that are back in the hands of the banks.
Chris – Good post and one of my favorite topics. You might want to get rid of the “Sample Page” that is appearing in the menu bar.
Thanks Ron. I actually have the addresses of home s in your area if you want the list. Let me know!
Consignment Stores Can I just say what a relief to search out an individual who in fact is aware of what theyre referring to in the internet. You undoubtedly know how to bring a difficulty to mild and ensure it is essential. Far more people today require to browse this and comprehend this aspect from the story. I cant feel youre not extra preferred due to the fact you undoubtedly have the present.
Thank you for your kind words. I hope you drop in often!
Very nice, i suggest Admin can set up a forum, so that we can talk and communicate.
Nancy
You can email me at christina.zietsman@telesproperties.com
Greetings I really cherish your information. If you may wish to conversation in relation to it,Iwould appreciate to speak together with you, my name is Kate. My own email address is above. Appreciate it!
Terrific, that’s exactly what I was looking for! You just saved me alot of looking around
live videouebertragung
Thanks for your input and I will use it for my college research that I am doing for this website.
I actually was attempting to open up your website with the brand-new android cell phone and for some reason the navigation would begin flashing but We could not choose any of the options. Do you have any kind of idea what is the problem?