Friday, December 23, 2011

For Every Two Homes for Sale, There's One in the Shadows

Shadow inventory. A few years ago it seemed the banks equated those words to the dreaded boogeyman. I believe the numbers stated here are on the low side. I think this is much bigger than any of the banks want to admit. Internally this is slowly crushing them. We still have another 5 years in this foreclosure crisis. So add that potential black cloud to these current numbers and you'll see the banks are in very bad position.

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