Relevant:
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
- REO Could Become A Serious Problem For HUD/GSEs: FHFA Rep.
- Shadow Inventory Continues Rapid Decline, Down 28% from Peak
- Lords of the shadow inventory -- over 3 million homes locked away in shadow inventory near peak levels. Prices must fall to prevent massive drawn out drag to economy.
- Shadow Housing Inventory: Getting an Actual Housing Picture of California Foreclosures and REO Numbers
2008-05-08 — doctorhousingbubble.com
``So this is good right? The months of inventory is decreasing. This is the argument the media is telling you. The only problem is the properties that are selling are distressed properties which are growing!''
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