Shadow inventory is a topic often discussed on this blog. How much exists? Is it increasing or decreasing? How many months supply does it equate to?
Well, CoreLogic®, a leading provider of analytics, just released a report showing that nationwide shadow inventory dropped to 1.5 million units in April 2012 – representing a four-months supply of inventory. This drop was a 14.8 percent decrease from April 2011′s 1.8 million units of shadow inventory, which at the time represented a six-months supply of inventory.
Furthermore, in Nevada, serious delinquencies, which are the main driver of the shadow inventory declined 27.4 percent. This number was the 3rd-largest decline for any state [behind Arizona (-37.0 percent) and California (-28.0 percent)].
See the entire report here: CoreLogic Reports Shadow Inventory Fell in April 2012 to October 2008 Levels
Is it shadow inventory if the current mortgage holder still resides in the property but has not made a mortgage payment for the past 4+ months?
How many homeowners in Reno does this describe?
I love this post. And since it doesn’t fit the preferred narrative of the uber -negative on this site, not a single comment from the usual suspects.
Rory, it is not just this topic that draws no comments. It is pretty much everything that draws no comments anymore. Scan down through the recent threads. Very little, if any, commentary about anything.
This blog had a great run, expecially in its heyday with Bantering Bear, Reno Ignoramus, Smarten, Grand Wazoo, and several others, but now the lights seem to have gone out.
I still get great enjoyment, though, from going back into the archives in 2006, 2007, 2008…….there were some great discussions and some absolutely amazingly
accurate predictions. The RRB had the story about 9 months ahead of RGJ on everything regarding the housing market.
I wonder what the visit counts are today, versus 3 years ago? Maybe Guy could give us some insight????
Rory, you can do that yourself. Just go back in the archives of posts to June of 2009. You will see that many threads had 60 or 70 comments. Now, the typical thread gets about 6 or 7, if it gets any at all.
Rory, I talked to Guy about this last month. When I left the RRB at the first of the year, he and I agreed to share site stats. BOTH of our blogs are receiving record traffic.
We both wish there was more commenting going on, since the comments are really the fun and informative stuff. Any ideas on how to get the readers back involved in the discussion?
i read a lot of blogs about a lot of topics….seems all is said thart needs to be said usually