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Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P

Double Dip In Housing Largely Caused By Failure to Prosecute. – The inventory of homes is high with nearly 3.9 million on the market in October, according to the National Association of Realtors. That means it would take 10.5 months to sell through all of the current inventory. In a normal market, there is usually a six-month supply.

New-home sales fall to a nearly 3-year low, inventory surges. Share This Article.. At October’s sales pace it would take 7.4 months to clear the supply of houses on the market, the most since.

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As of the end of Q1 of 2012 there was over $300 billion in shadow inventory property. This of course is based on conservative estimates since there are many more places 30+ days late. You can see from the chart above that it would take a good amount of time to clear this inventory.

We presently estimate a prospective 10-year nominal total return for the S&P 500 of less than 3.5% annually. The likelihood of even this return being achieved smoothly, without severe intervening volatility and steep market losses, is roughly zero. This does not imply or ensure immediate market losses, but it doesn’t need to.

Based on the rate at which banks have been selling those foreclosed homes over the past few months, all that inventory, real and shadow, would take 103 months to unload. That’s nearly nine years.

S&P. Stock Advisor. Shares of Zillow Group are trading nearly 40%. Zillow recently scaled back the anticipated number of homes in its inventory by the end of the year, as some home sellers. What Autozone Management Wants Investors to Know – While the S&P 500 index. 174 hub stores as inventory distribution points, as well as 28 "mega hubs.

This Is 40 REO to Rental – DSpace@MIT – Since the housing collapse began five years ago institutional. “total properties receiving foreclosure filings would have easily exceeded 3 million in. credit, making qualifying for any home loan nearly impossible to the average.. But in reality, they represent a shadow inventory that is becoming more. S&P,!2012.

New-home sales fall to a nearly 3-year low; inventory surges as housing-market outlook darkens. it’s clear that the housing market has hit a rough patch.. In the year to date, new-home.

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