A thought went through my head today about the shadow inventory and if it would explode on to the market and set the real estate progress back. And then this article was sitting in my inbox …
“Current residential shadow inventory as of July 2011 declined slightly to 1.6 million units – representing a supply of 5 months – from a six-month supply of 1.9 million units one year earlier, according to CoreLogic. It’s also down from April 2011 when shadow inventory stood at 1.7 million units.
The reason is simple: Banks are disposing of distressed assets faster than they’re adding new ones into the system.” Read the article
If you are looking for homes in the Florida Keys, whether it be Florida Keys waterfront homes, Florida Keys condominiums, Vacant land or commercial properties, my website is updated on a daily basis to provide you with the most current information.