Relevant:
- Weak Demand for Housing Portends Further Declines in Values
- 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.
- CoreLogic Estimates Shadow Inventory at 1.8 Million Homes
- California has nearly 9 years of housing supply counting shadow inventory
- More homes are poised to hit the market
2011-06-22 — bloomberg.com
"The so-called shadow inventory represented a five-month supply at the current sales pace, the Santa Ana, California- based real estate information company, said today. The inventory's size is a barometer of housing-market health because foreclosed homes sell for lower prices and falling values discourage buying, said Sam Khater, CoreLogic's chief economist."
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