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Shadow Inventory shrinks

Shadow Inventory Shrinks for Fifth Consecutive Month: Barclays That ominous shadow inventory of distressed homes that’s been hanging over the industry was cut back in July, according to Barclays Capital. It marked the fifth straight month that the company has recorded a decline in the shadow supply. Barclays

MBA reports loan applications are up

MBA: mortgage loan applications increase 2.7% « HousingWire The number of mortgage applications last week rose 2.7% on a seasonally adjusted basis from the prior week, once again pushed up by refinancing activity that remains at the highest level since May 2009, according to the Mortgage Bankers Association.

Buyers Market for awhile....unless Sellers are in that "sweet" spot of the market

Housing Supply and Demand Won't Balance until 2012: Moody's Moody’s Investors Service says it expects home price appreciation to be soft for the next couple of years. The company says there were 1.8 million more vacant homes sitting on the market than what is considered the norm at the end of the second qu