Relevant:
- The mid-tier correction in California housing -- Burbank California shadow inventory three times the size of non-distressed MLS inventory.
- Is the NAR Overstating RE Sales ?
- 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 Inventory Drops below 2 Million Homes
- U.S. ‘Shadow Inventory' Shrinks as Foreclosed Homes Sell, CoreLogic Says
2010-10-06 — doctorhousingbubble.com
``Given the latest data with NODs still hitting the market plus actual sales, the actual inventory count is only being drawn down by 4,486 homes per month. So then we can run the numbers yet again... (MLS inventory + distressed inventory) / (CA net home sales August 2010 over NODs) = 104.5 months (8.7 years)''
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