Comments on: Shadow Inventory – to Wreck Havoc Soon!

By: Mark

Mark — Mon, 27 Jul 2009 21:48:41 +0000

Thanks for the post on shadow inventory which is a significant problem here in San Diego as well. BofA reportedly has 400 homes on the market, but owns 1600 which have already been sold back to them on the courthouse steps.

By: Richard Stabile Bergen County Real Estate

Richard Stabile Bergen County Real Estate — Mon, 15 Jun 2009 04:16:18 +0000

It is good that they hold some back and it doesn’t hit all at once. Unfortunately, it will take more time to eat through the pile. We need rates to come down again as they were for a few months. The problem is the government is burning the candle at both ends. They are trying to do thing for the economy and also for they pet ideas. This is stressing the money markets and moving interest rates up. You can’t have it all. I thought that getting away from a depression was the priority. Some people have other agenda’s too. Maybe they will see the light before we can’t reverse the rate hikes.

By: Charles Richey

Charles Richey — Mon, 15 Jun 2009 00:34:54 +0000

I guess that the banks holding these properties off the market are either waiting for prices to go up or they don’t want to further flood the market with more properties and push prices further down.

By: Vancouver News » Blog Archive » Vancouver Housing Market Update

Vancouver News » Blog Archive » Vancouver Housing Market Update — Mon, 13 Apr 2009 17:14:11 +0000

[...] glut in foreclosures that the lenders are holding back from the market which are known as “shadow inventory” which could severly impact home prices going forward until the inventory is worked thru the [...]