Relevant:
- Shadow Inventory Drops below 2 Million Homes
- Home Vacancies Fall In Cities Hardest-Hit By Foreclosures
- 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 projections for 2013 -- Modified loans re-default and new foreclosures. The overall household formation equation.
- California has nearly 9 years of housing supply counting shadow inventory
2012-11-29 — doctorhousingbubble.com
As it still turns out, about 50,000 homes are repossessed per month and about 100,000 enter foreclosure. This is still a weak recovery and the problems in housing are still deep. It appears shifting buckets around was one strategy to solve the crisis. Re-entering the shadow inventory? Who would have thought.
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