Shadow Inventory Could Take Four Years to Clear: Morgan Stanley

Home prices are 3.6 percent above their year-earlier levels and up 4.4 percent in the second quarter, according to Standard & Poor’s Case-Shiller Home Price Indices.David M. Blitzer, chairman of the index committee at Standard & Poor’s, said the housing market is in better shape than it was at this time last year but warns that, despite upbeat second quarter numbers, more recent data.

Morgan Stanley put the total number of homes in the shadow inventory at 8m at the end of Q110, and at the current sales rate, that would take 47 months to move through.

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The rise in foreclosure filings came despite temporary halts to foreclosures by Fannie Mae and Freddie Mac, and major banks JPMorgan Chase, Morgan Stanley. end of last year, making up a “shadow.

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“Whether it’s the sidelined, shadow or current inventory, the issue is there’s more supply than demand,” said Oliver Chang, a U.S. housing strategist with Morgan Stanley in San Francisco. “Once you.

Shadow Inventory of Homes to Take Nearly 3 Years to Clear: S&P Shadow Inventory Could Take Four Years to Clear: Morgan Stanley Foreclosure shadow inventory will take more than 40 months to clear.

FORECLOSURE CRISIS WILL WORSEN . By Pat Shannan. A recent Morgan Stanley finance report cited by financial analyst jeff adams warns that a huge "shadow inventory" of homes with delinquent mortgages, which has yet to move through the foreclosure process, would take 47 months to clear at the current market sales rate.

"It is a cool thing to take a great company public," Mary Meeker is saying. "You have to go up to the plate and swing for the fences." We’re sitting in a corner conference room at Morgan Stanley’s Times Square headquarters, a half-hour into the first of several long interviews.