Add 2.1 million houses to the glut.


According to CoreLogic, a financial information provider, the number of homes either recently repossessed by lenders or where the owners are seriously delinquent has increased over the past year from 1.9 million to 2.1 million. This “shadow inventory” when added to the already saturated housing inventory, will likely result in further home price declines according to Mark Fleming ,CoreLogic’s chief economist.

 

 

http://money.cnn.com/2010/11/22/real_estate/shadow_inventory_lengthening/index.htm


One thought on “Add 2.1 million houses to the glut.

  1. Pingback: Housing-Today. com

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