real estate news: What is "Shadow Inventory" and How Does It Effects the Housing Recovery? - 02/08/11 12:04 AM
For the past couple of years, we've been hearing the term shadow inventory, and how it could possibly threaten our already slow housing recovery.  Shadow inventory is a term given to homes that are more than 90 days behind on their mortgage payments, homes that are currently in foreclosure, as well as houses already back in the banks hands.  These homes are taken back by the banks, and held off of the market so that the market is not flooded with foreclosures, which will ultimately diminish options for traditional sellers and buyers who are planning to move. 
According to a recent report issued by Standard & Poors, … (8 comments)

 
Kerri Hartnett (Keller Williams Realty Portland Central)

Kerri Hartnett

Portland, OR

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Keller Williams Realty Portland Central

Address: 700 NE Multnomah Blvd #950, Portland, OR, 97232

Office: 503-893-9090

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