Relevant:
- 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.
- Retracing the housing bubble in Orange County
- Los Angeles County has 2,205 Homes that are valued at $1 Million or More in Shadow Inventory. MLS Only Lists 32 Foreclosures with a Price Tag of $1 Million or Higher.
- REO Could Become A Serious Problem For HUD/GSEs: FHFA Rep.
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
2010-01-06 — doctorhousingbubble.com
``Los Angeles County has roughly 100,000 homes as part of the shadow inventory. This is an enormous number given that the MLS only lists 19,400 homes. In other words, the potential pool of properties in the county is five times as large as the public is currently seeing.''
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