Where Is All The Shadow Inventory?
In Fact Where's All The Inventory?
I've been hearing the drums beating in the distant from many RE Professionals and Stakeholders and from my own experience have even seen a lack of inventory in our neck of the woods. I've also been hearing that a good amount of our so called "Shadow Inventory" was gobbled up by some big Wall Street hedge funds.
If so is this the reason for the sudden lack of inventory in the mainstream? Where will our next source of inventory come from? Are they building enough new homes today to keep up with demand? Or is the demand really there at all? Where do you think Real Estate is heading in 2015?
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