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.

” The value of home sales in Florida has gone up. For proof, look no further than doc stamp taxes, which are paid on all home sales. According to U.S. Census Bureau reports, doc stamp revenue rose 9.8% in the second quarter of 2011 compared to the same quarter in 2010.”  Read the full 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.