12.04.2012 - How 'shadow inventory' hurts the housing market
While it's bad for broad recovery, inventory is great for buyers. There were high hopes that 2012 would be the year when the housing market, battered by the explosion of the real estate bubble, would finally begin to recover. But any good news on the housing front has quickly been followed by negative news. For instance, it was reported in February that foreclosure rates were down and the number of new houses being built was up. For the first time since 2006, housing prices in some markets actually rose...............................................Full Article: Source
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