The long road to a housing recovery – 279,000 California homes in shadow inventory. 2.1 million versus 4.85 million homes nationwide in the shadow inventory pipeline. Only 8,000 bank owned homes show up on the SoCal MLS yet statewide banks own 90,000 homes.
AIS Chapter 12 Practice Problems. STUDY. PLAY. A purchasing agent ordered unneeded inventory items from a supplier company of which he is one of the officers. Approve purchase order. The vendor shipped goods that were never ordered. These receipts are recorded as received and put in stock.
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Dwelling values have increased by 0.9% over the three months to December 2017 in Melbourne. Over the past year dwelling values are 8.9% higher with house values rising 9.1% and unit values 8.4% higher.
CoreLogic reports that the current residential shadow inventory as of April 2012 fell to 1.5 million units, representing a supply of four months. This was a 14.8 percent drop from April 2011, when shadow inventory stood at 1.8 million units, or a six-months’ supply, which is approximately the same level as the country was experiencing in.
From CoreLogic: Shadow Inventory Jumps More Than 10 Percent in One Year, Pushing Total Unsold Inventory to 6.3 Million Units Click on graph for larger image in new window. This graph from CoreLogic shows the breakdown of "shadow inventory" by category.
This CoreLogic report tells you 3 things about home affordability. But here are the three things the CoreLogic report says now about home affordability: 1. Crash rebound
Download the CoreLogic Housing Affordability Report to find out. Housing Affordability is shaping up as one of the most talked about topics for 2017. Conversations around this topic are taking place daily – from political debates, media reports and interviews, industry narratives, social media conversations and more.
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In spite of the fear mongering taking place in the media and in the blogosphere with regard to the US housing "shadow inventory", considerable progress is being made in shrinking the oversupply of distressed properties around the country. CoreLogic: – As of April 2012, shadow inventory fell to 1.5 million units, or four-month’ supply and represented just over half of the 2.8 million.
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