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Shadow Inventory Climbs past 7 Million?

By
Real Estate Agent with Troop Real Estate Inc.

According to DS News, that's what is about to happen.

You can read the article by following the link below. 

http://www.dsnews.com/articles/new-housing-crash-looms-as-shadow-inventory-climbs-past-7-million-analysts-2009-09-25

It sounds like we're going to be hit by a "REO Tsunami", I hope we all survive!

Rudy

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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Oh My Gosh this is not going to be good.  Prices will fall through the floor.

Sep 30, 2009 05:23 PM
Matt Kofsky
Transaction Realty 500 Reno, Nv. - Reno, NV

The banks will not release them all at once.  This will be controlled.

Oct 01, 2009 01:24 AM
Anonymous
Bobby

 

The sky is falling!!!

Oct 09, 2009 08:18 AM
#3