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(English) Shadow Inventory: Luckily, Here It Comes

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17 comentarios
  1. Joe
    Joe Dice:

    Home ownership will always be viewed by this generation as a goal to be achieved. I’m not convinced those 24-35 believe it’s the be-all-end-all safe investment their parents did. While I believe housing will always generate big numbers, I don’t see the US ever getting back to the levels seen in the early to mid 2000′s. Consider that in 2010 28% of all real estate transactions were distressed sales, what will that number be in 2011, what was it in 2009, 2008? My point is those former home owners will not be eligible for a mortgage for 5 years (generally speaking). Then include the folks around the country who are considerably upside-down in their mortgage (visit lps.com or corelogic.com for the sobering statistics) with not much hope for the requisite appreciation to allow them to move without taking a loss. The numbers are not pretty. So to say homeownership is something the majority wants is not enough to turn this market. Renters will make up 40% of the adult population before it’s all said-and-done, despite rising rents. A mix of rentals and sales should make up the business plan for those expecting to be successful in any real estate venture going forward.

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Trackbacks y pingbacks

  1. […] sale. In order to clear large amounts of inventory, prices come down. With more foreclosures now approved by banks to hit the market, it appears that inventory will stay high through year end, keeping prices down. Only when […]

  2. […] In yesterday’sblog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the housing market will soon be released for sale. The real estate market won’t recover until we work our way through this discounted inventory. […]

  3. […] yesterday’sblog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the […]

  4. […] yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the […]

  5. […] In yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the housing market will soon be released for sale. The real estate market won’t recover until we work our way through this discounted inventory. […]

  6. […] Dramaticallyby The KCM Crew on August 25, 2011 · 0 commentsin For Sellers,ForeclosuresIn yesterday’s blog post, we explained that the ‘shadow inventory’ of distressed properties which has hung over the […]

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