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The Long Shadow of Shadow Inventory

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

Well I guess it's  official -  Foreclosures will continue to slow housing prices and over all housing recovery for the next 3- 4 years ? 

"A full housing recovery is three to four years off as the nation grapples with a shadow housing inventory of 4.5 million distressed properties", according to Michael Fratantoni, vice president of research and economics for the Mortgage Bankers Association.

What the story behind the story -  shadow inventory-  Yep Shadow Inventory again  is driving down prices in parts of the U.S. and that nasty Shadow inventory is stalling an overall national recovery even though most of the distressed inventory is concentrated in Florida, California, Illinois, New York and New Jersey. Funny how the unseen can have so much of impact. 

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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 (3)

Heather Paul
Expert 1 Realty - Santa Monica, CA
Realtor,Top Selling Real Estate Agent

Good post, very true-the shadow inventory is HUGE!

May 04, 2011 03:46 AM
Daniel J. Hansmeier
Rochester, MN

That's a long time.

May 04, 2011 03:52 AM
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

UGH! I want off the island.

May 17, 2011 03:42 PM