Shadow inventory continues to rise across the U.S.

Standard & Poor’s Ratings Services currently estimates that it will take 49 months, or more than four years, to clear the supply of distressed homes on the market in the U.S. as a whole [as of the end of Q4 2010].

This latest number represents an 11% increase over the previous quarter and an astounding 40% increase from fourth-quarter 2009 for the average time to clear these properties in the U.S.

The just-released report from Standard & Poor’s Ratings Services also breaks down the shadow inventories in the top 20 U.S. Markets.  See Fourth-Quarter Shadow Inventory Update: Drop In Liquidations, Stable Cure Rates Indicate Increased Foreclosure Timelines.  For example, the firm estimates 33 months to clear Las Vegas’ shadow inventory.

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About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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