Shadow inventory declines by 1.2 million in 2012

The best way out of a deflationary cycle is by way of INFLATION. As a result, I personally believe that median home values will continue to increase this year possibly even more so than in 2012 as long as the "Shadow Inventory" continues to be artifically suppressed right along with the incredibly low interest rates today.

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The problem of shadow inventory. 8% to 11% through 2012, though the declines will be worse if the economy deteriorates or interest rates rise significantly. The firm estimates that distressed sales.

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With 11.4 million, or 23.7%, of all residential properties with a mortgage under water, and a shadow inventory worth $246 billion. dramatically since March 2009, its decline was more moderate from.

 · CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire [.]

She says that in a normal market, there’s a comparable shadow inventory of 2.9 million homes. So the key figure-the excess level above the historical trend-is around 3.4 million homes.

from 1.2 million in 1995 to 913,246 (2012 Census of Agriculture). The overall decline is due to the decline in number of beef operations. The decrease in the number of cattle operations is due primarily to the decline in the number of operations with fewer than 50 head of cattle (data not shown).

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Overall, oil is being supported by the OPEC+ deal to cut production by 1.2 million barrels per day. U.S. sanctions against Venezuela and Iran also continue to tighten the commodity’s fundamentals.

Ocwen also returned to a profit of $20.2 million profit, or 19 cents per share, for the third quarter from a loss of $13.2 million one year ago. Revenue jumped to $122 million in the third quarter.

The Wall Street Journal has an article about this shadow inventory today. It explains what’s going on in areas hard-hit by the housing bubble’s pop: Legal snarls, bureaucracy and well-meaning.