I'm regularly asked about the so-called "shadow inventory" of bank owned homes that are supposed to flood the market at any moment. First, lets be clear about what shadow inventory is. These are homes that the bank has already foreclosed on, but has not yet listed. It obivously does not inlcude homes the bank has already sold, nor the ones it has listed for sale.
Is REO inventory hidden in the shadows?
August 9, 2009 By
