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Shadow Inventory Jumps 10 Percent from a Year Ago
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Shadow Inventory Jumps 10 Percent from a Year Ago
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Shadow Inventory Jumps 10 Percent from a Year Ago

November 22 2010 (Shirley Allen)
bumpy road ahead sign
In a report released today by CoreLogic, shadow inventory of residential property as of August 2010, reached 2.1 million units. At current sales rates, that translates into an eight months worth of supply, up from 1.9 million, or a five-month’s supply, from one year earlier. With visible inventory remaining flat at 4.2 million units, the change in shadow inventory increased the total supply of unsold inventory by 3 percent.

Shadow inventory, also known as pending supply, is the number of properties that are seriously delinquent (90 days or more) that are in foreclosure and real estate owned (REO) by lenders but is not yet listed on multiple listing services (MLS’s).

According to the CoreLogic’s report, the supply of visible unsold inventory at the end of August 2010 was 4.2 million units, which matches the amount of unsold inventory from a year ago. The visible inventory measures the unsold inventory of new and existing homes that were on the market. The visible months’ supply increased to 15 months in August, up from 11 months a year earlier due to the decline in sales during the last few months.

The total visible and shadow inventory was 6.3 million units in August, up from 6.1 million a year ago. Based on the current sales rates, the total months’ supply of unsold homes was 23 months in August, up from 17 months a year ago.

Typically a reading of six to seven months is considered normal so the current total months’ supply is roughly three times the normal rate.

Tags: shadow inventory, unsold inventory, pending supply, new and existing homes, visible inventory, foreclosures

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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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November 22 2010 (Shirley Allen)
bumpy road ahead sign
In a report released today by CoreLogic, shadow inventory of residential property as of August 2010, reached 2.1 million units. At current sales rates, that translates into an eight months worth of supply, up from 1.9 million, or a five-month’s supply, from one year earlier. With visible inventory remaining flat at 4.2 million units, the change in shadow inventory increased the total supply of unsold inventory by 3 percent.

Shadow inventory, also known as pending supply, is the number of properties that are seriously delinquent (90 days or more) that are in foreclosure and real estate owned (REO) by lenders but is not yet listed on multiple listing services (MLS’s).

According to the CoreLogic’s report, the supply of visible unsold inventory at the end of August 2010 was 4.2 million units, which matches the amount of unsold inventory from a year ago. The visible inventory measures the unsold inventory of new and existing homes that were on the market. The visible months’ supply increased to 15 months in August, up from 11 months a year earlier due to the decline in sales during the last few months.

The total visible and shadow inventory was 6.3 million units in August, up from 6.1 million a year ago. Based on the current sales rates, the total months’ supply of unsold homes was 23 months in August, up from 17 months a year ago.

Typically a reading of six to seven months is considered normal so the current total months’ supply is roughly three times the normal rate.

Tags: shadow inventory, unsold inventory, pending supply, new and existing homes, visible inventory, foreclosures

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

November 22 2010 (Shirley Allen)
bumpy road ahead sign
In a report released today by CoreLogic, shadow inventory of residential property as of August 2010, reached 2.1 million units. At current sales rates, that translates into an eight months worth of supply, up from 1.9 million, or a five-month’s supply, from one year earlier. With visible inventory remaining flat at 4.2 million units, the change in shadow inventory increased the total supply of unsold inventory by 3 percent.

Shadow inventory, also known as pending supply, is the number of properties that are seriously delinquent (90 days or more) that are in foreclosure and real estate owned (REO) by lenders but is not yet listed on multiple listing services (MLS’s).

According to the CoreLogic’s report, the supply of visible unsold inventory at the end of August 2010 was 4.2 million units, which matches the amount of unsold inventory from a year ago. The visible inventory measures the unsold inventory of new and existing homes that were on the market. The visible months’ supply increased to 15 months in August, up from 11 months a year earlier due to the decline in sales during the last few months.

The total visible and shadow inventory was 6.3 million units in August, up from 6.1 million a year ago. Based on the current sales rates, the total months’ supply of unsold homes was 23 months in August, up from 17 months a year ago.

Typically a reading of six to seven months is considered normal so the current total months’ supply is roughly three times the normal rate.

Tags: shadow inventory, unsold inventory, pending supply, new and existing homes, visible inventory, foreclosures

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS