I had recently written a quick blurb regarding what Shadow inventory was…here is how it will affect the future and our Real Estate market.
“In the supply-and-demand-reliant real estate market, the national supply of homes is officially listed at about 3.5 million, or about nine months’ worth; sales are on track to reach about 5 million this year. But once shadow inventory is added, that supply more than doubles, to at least 7.5 million. A healthy housing market has about a six-month supply of properties, which would be about 2.4 million.”
Read more:
millions-of-homes-lurk-on-bank.html#ixzz1axAJQS3c?source=patrick.net
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