(English) 2.6M of Shadow Inventory To Be Resolved [INFOGRAPHIC]
Disculpa, pero esta entrada está disponible sólo en Inglés Estadounidense.
We believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!
The Morris Somerset County regions of NJ will have a large percentage of foreclosures relative to previous years. Prices may still decline a bit as the distressed properties sell and are used as comps. I’d expect prices to stabilize once the Morris and Somerset NJ areas sell off the existing shadow inventory.
According to Core Logic:
2009 – 888,000
2010 – 792,000
2011 – 748,000
What part of the total shadow inventory does this represent?
Shadow inventory is measured in different ways by different organizations. If we look at it based on CoreLogic’s methodology, it represents about half.