Tag Archives: homes
November was the first time in 29 months that we saw a decline in home sales both on a monthly and annual basis. The National Association of Realtors (NAR) calculated a drop to 4.9 million existing homes last month on an annualized basis, from 5.1 million in October 2013 and 5.0 million in November 2012.
Shadow inventory dropped nearly 15 percent year-over-year in April and is at about a four-month supply—reaching its lowest level in nearly three years, real estate data provider CoreLogic reports. Shadow inventory, as defined by CoreLogic, refers to properties that are seriously delinquent by 90 days or more, in the foreclosure process, and properties that have