S&P: 46 months to clear shadow inventory

S&P: 46 months to clear shadow inventory

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NAR Estimates Shadow Inventory by State. At that rate the current shadow inventory would clear in 7 months. While no other state comes close to New Jersey, other states facing protracted number of months to clear inventories are New Mexico (38), New York (34) Colorado and Rhode Island (32), and Delaware (30).

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"The growing volume of distressed properties remains one of the primary factors hindering a full recovery in the U.S. housing market," the rating agency said Monday. It will take nearly 10 years to clear the shadow inventory in the New York metropolitan area at the current liquidation rate, S&P estimated on Monday.

45 Months – Amount of time it will take to clear the nation’s shadow inventory according to S&P. It’s an improvement from 3 months ago, when the supply was at 47 months. 28% – Amount of home sales that were either foreclosures or short sales in October. The number is a 30% drop from.

US GDP growth data pointing to the US economy being on course to expand faster this year than at any time since 2005 had helped to provide a positive backdrop as the FTSE All-World index joined both.

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Three months ago, for example, S&P said it would take 47 months to clear the shadow inventory, those properties not

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Contents Fund types (buyout Tech100 winner: baseline reverse Market.. unfortunate side Federal subsidies find Foreclosure shadow inventory will take more than 40 months to clear.

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