Shadow inventory declines to five-month supply: CoreLogic

The number of U.S. homes that could soon come onto the market fell to the lowest in more than three years as of July as distressed sales offset new delinquencies in an encouraging sign for the.

CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information and business services, reported today that the current residential shadow inventory as of January 2011 declined to 1.8 million units, representing a nine months’ supply. This is down slightly from 2.0.

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From CoreLogic: CoreLogic Reports Shadow Inventory Continues to Decline CoreLogic. reported today that the current residential shadow inventory as of April 2011 declined to 1.7 million units, representing a five months’ supply. This is down from 1.9 million units, also a five months’ supply, from a year ago.

CoreLogic estimated shadow inventory at 1.7 million homes in January, a drop of 23 percent from the estimated inventory from January 2013. The dollar value of that inventory stands at $254 billion compared to $324 billion a year earlier.

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Metro Atlanta and Georgia are in the top five for the most shadow inventory of residential property, according to CoreLogic. supply, from one year earlier. “The weak demand for housing is.

At the same time,The National Association of REALTORS reported existing home sales hit a five-month high in August and rose 7.7% from July 2011 and 18.6% from August 2010. That may be a sign of demand catching up with supply. A growing demand for housing- It’s a simple fact of life – people need somewhere to live. Buyers may be wary of.

Home prices in the United States were up 0.2 percent in the third quarter of 2009 compared with the second quarter, ending two years of declines. CoreLogic said in a Thursday report that an.

Nonfarm payrolls added 54,000 jobs in May  · According to the latest labor department estimates, nonfarm payrolls were little changed with a net increase of 54,000 jobs. Initial estimates for job gains in April and March were revised downward a total of 39,000 for a combined increase of 426,000. For May, private sector hiring rose 83,000.

U.S. shadow housing inventory eases as of January -CoreLogic –  · A decline in the number of seriously delinquent homes in some states and more distressed properties moving through the pipeline helped to reduce the inventory, CoreLogic said.

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Foreclosure starts were up 12% from the previous month in October 2015, not a surprise this year since it has also happened the last five Octobers.. to a third- quarter report from research company CoreLogic.. As of October 2012, shadow inventory fell to 2.3 million units, or seven months' supply, and.