2.5 million homes in foreclosure, shadow inventory rising: John Burns

The Burns study estimates that, of the estimated 7.7 million home loans that are currently delinquent, about 5 million will eventually be foreclosed or otherwise forced onto the market over the.

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The "Shadow" Foreclosure Inventory.. listed for sale at some point," says John Burns, a real-estate consultant based in Irvine, Calif.. believes three million to four million foreclosed.

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5/6/19 Realty News Online Multigenerational households are on the rise, 10/ 17/10 Housingwire 2.5 million homes in foreclosure, shadow inventory rising.

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One reason the worst may be behind us is because the so-called "shadow inventory" has been in decline. CoreLogic defines the shadow inventory as the homes that are about to go into foreclosure.

While foreclosures continue to depress prices, buyers are wading back into the market, lured by rising employment. may hit 1.2 million this year, de Bruin said. New households will help absorb the.

He has not completely soured on the housing market and estimates that existing home sales will finish 2018 at a pace of 5.345 million-a decrease from the 5.51 in 2017. In 2019, sales are forecasted to increase to 5.4 million, a 1 percent increase, but still below 2017 levels.

by John Burns September 17, 2010 The Loan Modification programs were certainly successful in delaying the inevitable – foreclosure. As shown in the chart below, there are now approximately 2.5 million foreclosures in process, and another 2.5 million mortgages that are 90+ days delinquent.

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Since 1965, according to the U.S. Census Bureau, approximately one-third of this asset class has been rented and single-family homes currently comprise roughly one-third of all residential rental housing. Total housing inventory consists of 133 million units.