Real Estate Shadow Inventory Fears Ease

Time Magazine reported today that the shadow inventory of homes, nationwide, appears to be shrinking.  In 2012, estimates of the shadow inventory were as high as 10 million homes.  One reason they cite is investors snapping up distressed properties.  In Lane County that’s certainly the case and I see a lot of activity in that segment.  Well priced homes are often gone within 1 week of listing.  We do appear to have a significant shadow inventory in Lane County, but the properties seem to come on line slowly.

I thought it interesting that Time’s author said:  “All this goes to show that predicting the movement of large, complex markets like housing can be difficult even for experts who make a living doing just that.

Shadow inventory fears appear to be cooling off

Shadow inventory fears appear to be cooling off

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s