Shadow Inventory Declines!

Shadow inventory continues to decline in the U.S. At the end of January, as you can see from the below chart, there were 2.2 million homes that were seriously delinquent, in foreclosure or seized by lenders, down from 2.6 million in January of 2012. In addition, the 2.2 million is down from the 3 million peak, recorded in January of 2010.

About the Author

Shawn Kaplan is an active & Licensed loan officer with Legacy Mutual Mortgage. Email Shawn at Shawn.Kaplan@LegacyMutual.com or a member of his team anytime for more information or a consultation!  

(615) 426-3182

Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!

Existing Home Sales Rise!

Existing Home Sales rose by 0.8% in February from January to an annual rate of 4.98 million units and are up 10.2% from the February of 2012 rate of 4.52 million units.

Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from Multiple Listing Services.

About the Author

Shawn Kaplan is an active & Licensed loan officer with Legacy Mutual Mortgage. Email Shawn at Shawn.Kaplan@LegacyMutual.com or a member of his team anytime for more information or a consultation!  

(615) 426-3182

Bonus: Click to get a free, no-obligation rate quote. I love to work with my readers!