Vallejo Real Estate For Sale | The East Bay Homes and Loans

Shadow Inventory Falls for Vallejo Real Estate, this is now expected to continue
Standard estimates did say that it would take nearly four years or 47 months for the Vallejo Real Estate market to work through its shadow inventory at the current rate. While that number is still high for Vallejo Real Estate, it marks an improvement over first quarter report that had estimated 52 months.

Shadow inventory on Vallejo Real Estate represents homes that are in the foreclosure system but are not listed as Vallejo Real estate for sale yet. I define shadow inventory as Vallejo Real Estate foreclosure and REO properties in 90-day delinquency or worse. In conjunction with stable liquidation rates, I believe these are positive signs that the amount of time it will take to clear this Vallejo Real Estate shadow inventory should continue to decline over the next year. Delays from mortgage servicers in processing Vallejo Real Estate foreclosures likely will cause more than Vallejo Real Estate foreclosures to be postponed until next year. As such, the Vallejo Real Estate shadow inventory will continue to jeopardize the local Vallejo housing markets recovery until servicers are able to improve liquidation times. However, if and when that happens, an influx of homes will likely enter the market, increasing supply and driving prices down further. For a list of all Vallejo homes for sale click here http://eastbayhomeandloan.com/professional27.shtml

Source: http://theeastbayhomes.com/?p=3576

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