Almost 2.6million of Shadow Inventory To Be Resolved.

Almost 2.6million of Shadow Inventory To Be Resolved.

For the past few years, we have been hearing that the pile up of foreclosed shadow inventory is to hit the market. We have been waiting.  If all the inventory hits the market at once, it will drive the prices of the homes even lower and actually create more foreclosures, as many of the sellers will not be able to sell at lower prices, as their loan amounts are already higher than the home values!

By reducing the amount of shadow inventory flooding the market, it give the traditional seller more chance to sell their homes at already low prices.

Here is also a glimpse of what is happening to the so called Shadow Inventory:

If the foreclosure inventory stay low on the market, the better the chances are for the traditional home sellers to sell their home. Keeping the shadow inventory of the market also delays or stops the homes from falling further.

Here's to a turnaround in the market.!