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The collapsing prices in Irvine condos – two zip codes see year over year price drops of 40 percent. Shadow inventory in Irvine is bigger than non-distressed MLS inventory.
The condo market in mid-tier locations is in the middle of a major correction. It is surprising to see the velocity of how quickly prices are falling in some of these condo markets. Today we will look at Irvine and their condo market since it provi…
Lies, Damned Lies, and Shadow Inventory. Shadow inventory may be improving on a nationwide scale but not for California – Notice of defaults rise approximately 70 percent in latest month of data. Beverly Hills shadow inventory nine times the size of MLS public foreclosures.
You have an interesting dynamic unfolding in the United States. Recent data shows that the shadow inventory figure is starting to decline nationwide. However in high priced markets particularly in California there is little movement in the shadow i…
Shadow inventory grows in Southern California – Huntington Beach foreclosure with $1.4 million in loans and no payments made in a year. Auction scheduled for end of March in a mid-tier Southern California beach city.
The big story surrounding American housing has to do with distressed inventory that is not reported in any meaningful way. It is amazing that even after the National Association of Realtors had to revise home sales lower and was blasted by those who …
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