Direct Call : 954-551-0236 / E-Mail : jenny_shin62@hotmail.com
NAR News (National Association of Realtors / 전미 부동산 중개인 협회), New Listing - Condo (콘도 / 마이애미 비치 콘도)

(imóveis em miami) Shadow inventory less threatening – Florida Realtors News

(imóveis em miami) ORLANDO, Fla. – Sept. 26, 2012 – Two reports – one that covers Florida and another focused on the U.S. – find that shadow inventory continues to decline.

Shadow inventory – homes not yet in the for-sale inventory but at some stage of foreclosure with a likely chance to enter the market – has been a threat to the real estate recovery for a number of years. Many experts feared that home prices would stagnate if buyers continued to avoid the market or had trouble qualifying for a mortgage as a rising number of distressed homes entered the market.

(imóveis em miami) “That problem seems less of a threat as time passes,” says Florida Realtors Chief Economist John Tuccillo. In an updated report issued by Florida Realtors Industry Data and Analysis (IDA), Tuccillo finds that the state’s shadow inventory continues to decline.

“Lenders show an increasing willingness to encourage short sales, so they don’t have to submit properties to the foreclosure process,” Tuccillo says. “In Florida, a foreclosure must go through a lengthy – and expensive – judicial process. While waiting for a final ruling, it costs lenders money to hold and maintain property.”

Tuccillo expects the shadow inventory to continue its decline. IDA’s complete report is available on Florida Realtors’ website. Click the “residential” box under “Research reports.”

(imóveis em miami) Nationally, JPMorgan Chase released a report saying the U.S. shadow inventory declined by 1.2 million in the first half of 2012. Chase expects the trend to continue and suggests that the same number will exit shadow inventory before the end of the year, taking the complete national shadow inventory down to about 4 million – a reduction of one-third compared to the 6 million in 2010.

To calculate shadow inventory, Chase considered all homes at least 60 days late in a mortgage payment.

“Although re-defaults and new delinquencies will continue to keep shadow inventory elevated, the rapid decline should prevent downward pressure on home prices going into 2013,” Chase analysts say. “Combined with better existing home sales, investors have reason to be optimistic about running recovery scenarios.”

© 2012 Florida Realtors®

(imóveis em miami)

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

FLORIDA REALTOR NEWS

Miami metropolitan area INFORMATION

For more detailed information on Miami Metropolitan Area (cities / demographics, etc), click map

%d bloggers like this: