Shadow Inventory was the hot topic for Inman News this morning. What is a “shadow inventory” home? The reason this is considered shadow inventory is that statistics show us that over 97% of people that fall 3 months behind will never catch up with their mortgage payment. As a real estate investment advisor in Reno, I notice that people want to know about shadow inventory. *If* the shadow inventory is roughly 50,000, then we have about a one year supply of homes of shadow inventory as of now. Now-a-days one of the real estate related terms that we frequently come across is real estate inventory. Keenly attuned in local real estate, Prospect is In fact, the City of Brother Love has a dubious distinction among metro areas, when it comes to real estate inventory. Some analysts and commentators have argued about whether it even exists. The growing condo shadow inventory – CityCenter in Las Vegas and Lexington Park in Chicago. For example, a new condo building with 100 units comes on the market, and 10 are listed for sale. To put it simply, Shadow Inventory is the residential homes that have been given back to the banks Shadow inventory is related to foreclosures sales. Shadow Inventory is basically inventory that hasn’t made it to the market yet. – NOT. However… A NOTE ABOUT THE VACANT PORTION OF THE SHADOW INVENTORY: The Las Vegas Valley Water District has stated that of the more than 375,000 water hookups in their service territory, almost 20,000 are inactive . Eventbrite - Rod Ferrier & Jamie Cook presents Shadow Inventory Revealed…3 Secret Keys To Real Estate Investing - Saturday, February 8, 2020 at 3 Flint Hill, Fairfax, VA. Find event and ticket information. But housing inventory appears to be rising in Philadelphia. Some expect a … Just because they print it does it make it true? If you are interested in hearing more about shadow inventory in Boise or about how market dynamics may play into buying or selling a home in the Boise real estate market, please contact me . That’s why we’re looking for as many homes as we can find that aren’t on the market yet … Prospect Real Estate, a boutique, family-owned and operated residential real estate firm with 40 years of experience in the city’s residential market, focuses on Austin’s urban core. There are 7 million homes in this shadow inventory category. CoreLogic, a real estate research firm, also recently released a report estimating that prices had dropped in 2011 — by 5%. Reply Curtis Van Carter January 26, 2010 at 12:07 pm Hi I agree this is something often quoted and rarely tracked accurately. Just because it gets printed or makes its way onto the internet, does that make it true? Similar to the manufacturing sector, inventory in the real estate sector represents the flats which are not sold by the developer. How that will happen is anyone's guess at this point. It's made up of homes that soon will be on the market, but not for the usual reasons. Wall Street Landlords – REO-to-rental program designed to reduce shadow inventory by selling to big money investors. Congratulations Miami, the 2011 NBA champions! There simply are not enough homes available for sale in Cobb County. Shadow inventory refers to condos that have been constructed and are legally available for sale by the building’s sponsor but that have not been listed publicly for sale. Basically, any property that is or was distressed that will be on the market in the future, but not yet, is shadow Instead of battling other “While overall prices declined by almost 5% in 2011, nondistressed prices showed only a small decrease,” said Mark Fleming, CoreLogic’s chief economist. The term shadow inventory represents properties that are foreclosed by a mortgage company but are not listed for sale by the bank right now. 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