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Foreclosure shadow inventory will take more than 40 months to clear: Fitch

It may take more than four years to clear the "shadow inventory" of distressed homes lurking on the sidelines in the U.S., a factor that’s likely to undermine real estate prices as the backlog.

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Shadow inventory is estimated at more than 7 million. analysts expect it will take more than 40 months for the distressed properties to even hit the market.. But Fitch shows a more than 50.

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Fitch Ratings says approximately 2,000 commercial mortgage loans are due to mature over the next 12 months. nation’s shadow inventory of distressed homes at more than $450 billion – a log jam that.

This is the problem. So even if you clear out the current inventory you still have a pipeline of distressed property that will come online soon. If it doesn’t, it simply is added to the already staggering shadow inventory figure. Now last month some 38,000 homes were sold in the state of California.

Fitch: 40 months to clear shadow inventory, home prices to fall additional 10% Posted on November 2, 2010 by grim From HousingWire: Foreclosure shadow inventory will take more than 40 months to clear: Fitch The shadow inventory of delinquent loans, foreclosures, and REOs stands at 7 million homes, which would take the market more than 40 months.

Jobless claims hit lowest level in 2 months  · The less volatile four-week moving average hit its lowest point since November 3, 1973, falling 3,750 to 244,250. New claims for jobless benefits can be used to gauge the prevalence of layoffs in the US economy and the overall health of labor markets.

Based on data through the end of the third quarter of 2010, S&P puts the principal balance of the nation’s shadow inventory of distressed homes at more than $450 billion – a log jam that will take 44 months, or more than three and a half years, to clear from the market.

How many foreclosures and REOs to expect in the coming months Whalen explains: "No more than 50% of the REO properties purchased from FHA, for example, can be put on the market for sale as a vacant foreclosure, FHA acting commissioner [Carol] Galante said last.

PIMCO’s Gross: How to Solve Housing Riddle Anyone’s Guess To solve the riddle, you need to figure out how he ordered the first 14 numbers and finish the riddle by adding the last five. The five missing numbers are two, three, 10, 12, and 13. The pattern is that the existing numbers are listed in alphabetical order.

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Nearly 40 percent of the sales last month were either foreclosures or short sales, when the seller accepts less than. when the “shadow inventory” of homes is taken into account. These are homes.

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