Backlog of Shadow Inventory Hitting Markets

Backlog of Shadow Inventory Hitting Markets
REO Experience Largest Increase in Three Years:The percentage of short sales and REO sales jumped by 2.2 percentage points in the first quarter of 2015, the largest increase

since the first quarter of 2012, according to data released by Monday. Three years ago, the last time distressed saturation rate experienced an increase that large, nationwide distressed saturation hit a peak of 38 percent. For Q1 2015, the distressed saturation was reported at 19.8 percent nationwide with the largest share in the South at 23.2 percent. The smallest share was in the West at 13.7 percent. All four regions – the South, the Northeast, the West, and the Midwest – saw an increase in distressed saturation rate in Q1 from the fourth quarter of 2014, Read more.