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Goran_K
2013 Jan 1, 4:36am
Even the biggest of Ponzi enablers, JP Morgan Chase, doesn't claim there isn't any "shadow inventory":
People just disagree on the numbers, and how it will have an effect on the market. But the homes aren't really in the shadows.
Goran_K
2013 Jan 1, 5:17am
It looks like the outflow exceeds the inflow. We should be out of the housing mess within a couple of years.
I think at minimum, 3-4 years. That's assuming the fundementals such as unemployment, growth, etc correct as well.
If unemployment remains high, and we continually hit debt ceilings, I think all bets are off.
One thing is for sure, we're not out of the woods quite yet.
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According to Foreclosureradar.com, there is no shadow inventory, so good luck to those waiting for a flood of houses to go on the market...
http://www.contracostatimes.com/ci_21312143/bay-area-foreclosures-jump-july
#housing