Freddie Mac: Threat of shadow inventory subsides, home prices rise

Freddie Mac: Threat of shadow inventory subsides, home prices rise large housing inventories to be sold at deep discounts in 2011: DBRS Your customizable and curated collection of the best in trusted news plus coverage of sports, entertainment, money, weather, travel, health and lifestyle, combined with Outlook/Hotmail, Facebook.

 · This home is part of what’s known as the "shadow REO" inventory: repossessed homes across the country that banks or investors often purposely keep off the market.. Home prices.

 · Posted on June 5, 2013 in Firm News. Recently a report was released by HUD and FHFA (Fannie Mae and Freddie Mac) that sheds some light on the issue of “Shadow Inventory”.. This report is from the Federal Housing Finance Agency Office of Inspector General.. There was some concern in the housing industry that the banks were holding on to huge inventories of homes and that there was a.

Freddie Mac: Threat of shadow inventory subsides, home prices rise HousingWire, 8/8/12 "It’s often feared a shadow inventory of homes will flood the housing market derailing the fragile recovery that some now believe is under way. But a new report from Freddie Mac says this view may be too

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Freddie Mac. Federal Home Loan Mortgage Corp. provides liquidity, stability and affordability to the U.S. housing market primarily by purchasing residential mortgages loans originated by lenders.

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Generally, sales of homes have languished despite government subsidies and tax breaks. What’s more, the so-called shadow inventory stands to depress home prices even further.

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The never ending pipeline of shadow inventory – 1,800,000 homes in foreclosure while another 2,000,000 are underwater by 50 percent. No housing recovery without clearing out shadow inventory and expanding real household wages.

Elgonemy: The rise in home prices and supply were extremely high, so the fall was very steep and the recovery will be lengthy. A conservative estimate would be at least three years in most U.S..

For residential practitioners, NAR’s forecast for 2013 looks like a return to normalcy, with healthy price appreciation, an increase in both existing- and new-home sales, and a drying up of the shadow inventory. Interest rates are expected to remain low, though inflation could put upward pressure on both rates and home prices.