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Tag Archives: shadow inventory

Rustbelt Markets are Missing the Recovery

Not all is going smoothly with the housing recovery as the summer ends. August data from shows that, though inventories are still falling, more and more markets are seeing prices go in the wrong direction, dropping below levels of a year ago. Read More »

California is Leading the Recovery

The state that gave America Alt-A loans, Countrywide, the first tidal wave of foreclosures, the highest prices during the boom and the fastest fall during the bust now is leading the nation out of the six-year housing depression. Read More »

Foreclosure Inventories are 7.8 Times above Normal and Rising

A report by Lender Processing Services today confirms Fitch Ratings’ analysis yesterday that the volume of defaulted loans moving to REO status has fallen to a trickle as a consequence of the Robo-gate scandal, contributing to a backlog of foreclosures that threatens to reverse the overall decrease in foreclosure inventory caused by the steady decline in new delinquencies last year. Read More »

Challenges Face Luxury Homes

Things were looking up for luxury home sales during the tax credit boomlet last year. However, the credit wasn’t the primary reason; after all, $4000 isn’t a compelling incentive to well-heeled move up buyers in the million dollar plus housing bracket. Read More »

Scottsdale Market Snapshot: Cash and Crash Indicators

The New York Times once described downtown Scottsdale as “a desert version of Miami’s South Beach” with “plenty of late night partying and a buzzing hotel scene.” Luxury marketer and builder Luetta Newnam of Casa Buena Realty LLC, is a second-generation Realtor who has watched the real estate market swing to dizzying heights and record equity losses during the housing … Read More »

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