Shadow inventory — How much? When will it hit? What impact will it have? — used to be the talk of the local real estate world.
Today, no so much. Check out this Reno Gazette-Journal in-depth look at the current state of “shadow inventory” in the Reno-Sparks housing market: Taking inventory: What ever happened to Reno’s shadow housing market?
From the story:
“There was always this whole concern that banks were holding on to (distressed) inventory,” Bonnenfant said. “But the whole issue and hype surrounding shadow inventory never really came into play.”