Relevant:
- Modified mortgages re-enter shadow inventory -- By next month the housing crisis will have cost 5,000,000 Americans their homes via foreclosures. Distressed inventory still above 5,000,000.
- 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.
- How Student Debt Wrecks Marriages, Inhibits Family Formation, and Delays the Housing Recovery
- Weak Demand for Housing Portends Further Declines in Values
- One House From The Shadow Inventory [And Company]
2012-12-17 — doctorhousingbubble.com
Many generous assumption are projecting that new housing formation will be at 1.2 million next year. I'm not so sure about this given how weak wage growth is for younger Americans and also how much debt many are already carrying. Shadow inventory is still very much a part of the overall equation and the draw down analysis is fascinating to examine.
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