Real Esate Recovery Stalled

June 29, 2010 by  
Filed under Real Esate Recovery Stalled

When will real estate fully recover?

In real estate there is a term called “shadow inventory”.  This is applied to real estate that will be on the market, but we don’t know about yet. This includes all types of homes:

– homes that are several months in arrears on their mortgage and soon to hit foreclosure

– homes that are 90-plus days late and soon to be in foreclosure

– bank owned REO’s that have not put put on the market yet

Due to the low value of these homes, this will keep the housing market in a dismal state for some time to come.

Shadow inventory is scary, but not insurmountable.

Housing Assist Coldwellbanker