reo: The Hog and The Anaconda......Today's Real Estate Recap
- 05/26/10 02:07 AM
The anaconda just ate a huge hog. The hog is progressing slowly through the anaconda. The hog represents the inventory of foreclosures and the anaconda is the housing market. According to Barclay’s Capital are about 2.4 million home loans 90-plus day delinquent and about the same amount of homes already in foreclosure. This inventory of about 4.5 million in shadow inventory should reach the high point this summer and then fall off, as the market absorbs an estimated 130,000 distressed properties per month. New foreclosures dropped for the first time year-over-year since these statistics began measuring this trend since 2005. … (2 comments)
The anaconda just ate a huge hog. The hog is progressing slowly through the anaconda. The hog represents the inventory of foreclosures and the anaconda is the housing market.
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