distressed properties: Twelve Months of Shadow Inventory Projected for Colorado
- 10/11/11 08:18 AM
Twelve Months of Shadow Inventory Projected for Colorado Steamboat Springs, Colorado has seen an increase in bank owned home sales, and according to the latest National Association of Realtors’ (NAR) Economists’ Outlook it might take a year or so for Steamboat Springs to see the Shadow Inventory work through the system. But as with any numeric estimate, you need to be aware of how the numbers were calculated. First a quick reminder of what Shadow Inventory is in case you missed my blog earlier this month: Shadow Inventory consists of homes not yet for sale that are distressed and will be on the market in (2 comments)
distressed properties: Steamboat Springs Has Shadow Inventory, But What's That?
- 10/05/11 09:12 AM
Steamboat Springs Has Shadow Inventory, But What's That? If you're thinking Shadow Inventory in Steamboat Springs has anything to do with the sunshine we enjoy here many days of the year...well you're definitely not thinking in real estate terms. Shadow Inventory in real estate has nothing to do with sunshine. But yes Shadow Inventory is in Steamboat Springs, Colorado and quite frankly it’s across the country, not just in big cities hard hit by the real estate downturn. So now that we know it’s here in Steamboat Springs, let’s dig in further and understand what it is. Shadow Inventory Defined: It’s the inventory of homes not (4 comments)