Mirror Mirror on the wall when will the Shadow Inventory Fall?

Real Estate Agent with Renaissance Realty Group of Keller Williams Atlanta Partners

As of the end of August, there were 2.1 million properties either in the foreclosure process or headed for foreclosure, according to CoreLogic. It's come to be known as the "shadow inventory," because it will be coming to market soon, but it's not listed yet. To put that in perspective, there are about 4.2 million properties (existing homes and new construction) currently, visibly on the market now. So add 50 percent more, and there's your true inventory. Talk on the street it that it's starting to leak out now ..there has been an upswing in BPO requests and Fannie Mae REO assignments were increasing. So it looks like 1st quarter of 2011 will signal the start of Shadow Inventor Sell off. Are Buyer incentives far behind ?

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If you or someone you know is thinking of buying or selling a home have them give me a call .. we will get it done ...right 

Eric Reid 

Associate Broker

Keller Williams Atlatna Partners
Team Leader 
Renaissance Realty Group

Comments (1)

Lynn Edgin
Keller Williams Clients' Choice - Colorado Springs, CO

Bring it on, I'm ready.

Nov 30, 2010 02:14 AM