Shadow Inventory

Shadow Inventory

The Wall Street Journal had a very interesting article written by Nick Timiraos (a link to the article is provided below) regarding shadow inventory. The article talks about interesting topics such as the decrease in the new homes being built and its effect on investor interest in REO (bank owned properties) properties. Freddie Mac analysts are citing the reduction in new home building as a reason why the once assumed over saturated “shadow inventory” is not smothering and hampering the housing recovery. If you are considering a foreclosed property as an investment or primary residence and have questions, please call 516-777-0146 to speak with a real estate agent.

The Wall Street Journal – August 16, 2012

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