Questions on the minds of many buyers and seller’s at the moment: Does shadow inventory exist? If so, how much shadow inventory is out there? What kind of impact can shadow inventory have on the local housing market? Do current home prices represent another bubble?
Yesterday, the RGJ ran a story asking some of these questions of various interested parties: lawmakers, real estate professionals, economists, lobbyists. See the piece here: Nevada housing brightens, but is storm coming?
It’s good read; I’d love to hear your comments.
And on a related note, after studying the foreclosure issue for nearly four years, the Nevada Association of REALTORS® (NVAR) released its latest “Face of Foreclosure” report, offering recommendations for state lawmakers and discounting fears about a so-called “shadow inventory” of foreclosed homes. See the NVAR’s Press Release here: NVAR’s “Face of Foreclosure” report debunks threat of “shadow inventory,” suggests ways lawmakers can help Nevadans move past foreclosure crisis
Again your comments are welcome.