August 16, 2012
BETTER GET BUILDING:
Shadow Inventory: It's Not as Scary as It Looks (Nick Timiraos, 8/15/12, WSJ)
There are several reasons why the shadow inventory isn't as scary as it sounds: It's concentrated in a handful of markets--it isn't inherently a national phenomenon. It is being offset by improved demand, particularly from investors. And the housing vacancy rate is low, a product of very little new home construction over the past few years that could counterbalance continued high inventories of foreclosed homes.
Posted by Orrin Judd at August 16, 2012 9:06 AM
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