Overall, oil is being supported by the OPEC+ deal to cut production by 1.2 million barrels per day. U.S. sanctions against Venezuela and Iran also continue to tighten the commodity’s fundamentals.
The housing recovery is already having a positive impact on growth, pushing GDP up as residential investment accelerates, but with more than 1.1 million homes in some state of foreclosure and a shadow.
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Total existing-home sales 1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.2. inventory 3 at.
The shadow inventory — which also includes properties owned by banks but not for sale — fell from an estimated 8.8 million homes in 2010 to 5.36 million as of this month, a faster decline than..
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The pending supply of homes, also known as shadow inventory, fell to 2.3 million units as of the end of July, down 10.2 percent from 2.6 million units a year ago and at the same level as March.
CoreLogic estimates that the national residential shadow inventory stood at 1.7 million. billion decline in the shadow inventory.". inventory has declined from 1.2 million in February 2013.
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The shrinking inventory of available properties is pushing up rents and purchase prices, he said. “Vacancy changes are strongly correlated with price changes,” Kolko said in a telephone interview..
Shadow Distressed Inventory Total 1.6 Million – Half of All Inventory Listed Properties The number of distressed properties not currently listed for sale on multiple listing services (MLSs) stood at 1.6 million as of October 2011, according to CoreLogic.
New refinery capacity and strategic inventory stockpiling combined with declining domestic. which passed Saudi Arabia as China’s largest source of foreign crude oil in 2016, totaled 1.2 million b/d.
The Wall Street Journal has an article about this shadow inventory today. It explains what’s going on in areas hard-hit by the housing bubble’s pop: Legal snarls, bureaucracy and well-meaning.
The large crude inventory decline. by 1.2 percentage points to 87.1 percent of total capacity, EIA data showed. On the East Coast, however, refinery utilization fell to 60 percent, the lowest level.
The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a. House prices are expected to continue declining until this inventory of unsold.