Relevant:
- Survey Says Foreclosure Mess Prompts Homebuyers to Avoid REOs and Distressed Properties
- California has nearly 9 years of housing supply counting shadow inventory
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
- 2012 the year of the short sale -- Short sales over 50 percent of all MLS inventory in Southern California. Beware of costs like PMI, HOAs, and Mello-Roos.
- Housing and Banking Deception: 23,000 to 28,000 Foreclosed Homes kept off the MLS or Public View in California each Month
2008-08-16 — mybudget360.com
``But given the 35,000 sale per month average, that means that 100 percent of the sale amount is being brought onto the market as foreclosed properties. This doesn’t even take into account the properties that are on the market that aren’t distressed. This of course is the bulk of the market.''
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