The Next Wave: Part 2

Mortgage and Lending with 209327

Yesterday I wrote about how there is this HUGE supply of homes that are not on the market, but are awaiting banks to put them on the market, the 'shadow inventory.'  I just read this article from Diana Olick at CNBC,article here, about how much there really is.  She used an example of the DC housing market.  There is a reported 5.1 month supply in DC. But, if you add in the estimated 'shadow inventory,' you get a 13.2 month supply.  That is what we should be worried about.

Great article from Diana.

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