Tag archives for Shadow Inventory

Radar Logic Expresses Concerns About Federal Foreclosure Sales

In response to a recent request for information from several government entities for “proposals for how best to deal with the large inventory of foreclosed homes” currently held by the government-controlled GSEs Fannie Mae and Freddie Mac and the Federal Housing Administration (FHA), at least one real estate data firm is urging caution. Radar Logic announced plans to publish a Read full article »

Shadow Inventory Represents Looming Disaster, but Purge-Time is Getting Shorter

Although “millions of distressed properties could be put up for sale at any moment” should lenders decide to release the many foreclosures that they are holding off the market onto the market at once, these numbers represent slightly less of a potential disaster today than they did a month ago. According to Standard & Poor, if the banks did decide Read full article »

Foreclosure Times Down In California, Nevada and Arizona

Despite massive uncertainty about the validity of many aspects of the foreclosure process, foreclosure times actually decreased in three states last month. California, Arizona and Nevada all reported decreased foreclosure timelines in June 2011 despite uncertainty over MERS, bank processes and the general wisdom of adding to the shadow inventory in a fragile market. According to ForeclosureRadar, even though the Read full article »

CoreLogic Announces Drop in Shadow Inventory

According to CoreLogic’s most recent report, the current residential shadow inventory nationwide has dropped 0.2 million units, representing a five-month supply of houses yet to hit the market. A year ago the shadow inventory was estimated at 1.9 million housing units, which was also considered to be a five-month supply. The data firm attributed the decline to “fewer new delinquencies Read full article »

6.5 Million New Households Needed to Absorb Existing Home Inventory Overhang

According to one economist, 6.5 million new households will have to be formed before the excess housing inventory in the country will be absorbed. Brendan Lowney is a macroeconomist for Forest Economic Advisors in Massachusetts. He has estimated excess home inventories at 2.5 million, which is creating downward pressure on home prices and pushing more homes underwater. Lowey believes that Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.