Quick Home Search!
Welcome To SREV
7 Million Homes In “Shadow Inventory”
Can The National Housing Market Withstand The Next Wave?
A recent article from Bloomberg.com cites evidence that the “shadow inventory” of foreclosed yet unsold homes could be the beginning of the residential housing crash, Phase 2.
Although S&P Case-Shiller reports that 20 metro markets nationwide have shown improvements in appreciation in month over month statistics recently, due to the glut of inventory of unsold homes totaling 7 million, the recovery of values will be short lived and there will likely be a secondary stage to the residential housing crisis.
“The favorable seasonals (aka. seasonal numbers) will disappear over the coming months, and the reality of 7 million-unit housing overhang is likely to set in.”
S&P Case-Schiller
Sweet! 
More Defaults
Follow me on:
SREVS Weekly Blog Digest
Client Testimonials
Categories
- Real Estate Market Commentary
- Home Sales Reports
- First Time Home Buyer Info
- Rocklin & Roseville Open Houses
- Rocklin & Roseville New Homes
- Foreclosure Statistics
- Mortgage Information
- Short Sale Information
- Worst MLS Photos of the Moment
- Community Events
- Your Questions Answered!
- My Favorite….
- A Boy and His Dad
Resources Links
- Tim Clegg, Bank REO Cleanup
- College Funding Advisor, Michael Mathews
- CalHFA First Time Home Buyers Program
- City of Rocklin
- City of Roseville
- City of Lincoln
- City of Citrus Heights
- Great Schools.com
- Sacramento PD CrimeMap
- CrimeMapper – Any Address
Archives
Mortgage Calculator
 | ||||
 | ||||
Let’s Network on Facebook!
