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Newspaper
Irvine World News
Location
Irvine, California, United States of America
Date
Aug 18, 2012
Page
2
The piece discusses the idea of a shadow inventory of foreclosures and defaults potentially affecting the housing market. Nick Timiraos argues in a Wall Street Journal blog that its impact may be small and regionally contained, not as ominous as some fear.
The Irvine Homes feature notes housing demand rising due to investors while a low vacancy rate results from little new home construction. It highlights a shrinking shadow inventory, with about 3.25 million mortgages at risk, down from 4.25 million in 2010, and forecasts potential decline to 2.4 million loans if delinquencies don’t surge.
The Irvine World News lists staff positions with editors reporters and sports editors including Theresa Cisneros Tim Burt Thomas Martinez and Paul Danison along with their contact numbers for assignment coordination.
Irvine based Tech Coast Angels the nations largest investor network put nearly 4.6 million dollars into 16 companies in the first half of the year. The group says these firms drew another 5.4 million from other equity investors while noting 2011 figures of 4.4 million in 17 companies.
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