>>>At current sale rates S&P says it will take 47 months to clear out today's inventory of distressed homes. Some areas will take longer. For instance, the New York City metro area has so much unsold inventory and so few buyers that it will take 144 months to clear out, according to S&P.
>>>The ratings firm also says something else: the “shadow inventory will continue to jeopardize the housing market's recovery until servicers are able to improve liquidation times. However, if and when that happens, an influx of homes will likely enter the market, increasing supply and driving prices down further.â€
And
>>>If the sales pace for distressed homes picks up the number of troubled homes should decline, all things being equal. But all things are not equal because today's shadow inventory — as big as it is — should actually be larger.
>>>At current sale rates S&P says it will take 47 months to clear out today's inventory of distressed homes. Some areas will take longer. For instance, the New York City metro area has so much unsold inventory and so few buyers that it will take 144 months to clear out, according to S&P.
>>>The ratings firm also says something else: the “shadow inventory will continue to jeopardize the housing market's recovery until servicers are able to improve liquidation times. However, if and when that happens, an influx of homes will likely enter the market, increasing supply and driving prices down further.â€
And
>>>If the sales pace for distressed homes picks up the number of troubled homes should decline, all things being equal. But all things are not equal because today's shadow inventory — as big as it is — should actually be larger.
Real Estate Investing: Why Cash Flow Is Now King
#housing