Distressed inventory is on the decline, but the number of months it will take to clear that distressed inventory from the market is on the rise.
Distressed inventory among non-agency residential mortgage-backed securities (RMBS) dropped 20 percent year-over-year and 5 percent quarter-over-quarter in the third quarter of this year.
While distressed inventory is declining, the time estimated to clear these distressed homes from the market is rising, up five months from the second quarter of this year and 11 months from September 2012,
See inventory by state...
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