The National Association of REALTORS has put together a video discussing the amount and type of 'Shadow Inventory' nationally. The biggest problem with such figures is that they are still based off of sampling & definitions of what is or is not counted in the definition. Regardless of what the actual number is, the video ...
For a year or so there have been stories of more foreclosures coming. While I don't doubt the warning and we're starting to see a tick up in sheriff sales, I do think that given the speed that the banks are going that it will be 2011 before we see much of this expected surge of ...
Star Tribune has an article discussing how many houses in foreclosure sit in limbo between the owner that is losing it and the bank that is repossessing it. There are a few things in the story that aren't quite right but the gist is good. Worth a read. The comments from readers are ...
A while back we released the 2nd Quarter Foreclosure (REO) & Short Sales Report, which not only debuted another revision to the methodology that decreased the counts of foreclosures and short sales significantly, but also showed positive trends in this market segment. Good signs included:New Lender Mediated listing activity has remained steady over the last ...
Today MAAR released the quarterly update to their report: "Foreclosures and Short Sales in the Twin Cities Housing Market," which was co-developed and authored by Jeff Allen from MAAR and myself.