posted
Oct 15, 2011 by REI News
But millions of people lurking in the shadows – carefully hidden in bank balance sheets, supported by the courts of foreclosure, or simply occupied by the owners and lenders who do not pay to wait months or years before they act. Officially there are 3.5 million homes for sale throughout the country.
Prices also showed signs of stability this year, a wave of foreclosures that has threatened to keep the deflated values of real estate in South Florida and across the country. And in South Florida, with about 200,000 households already owned by banks or direct impediment, is one of the largest collections of national inventory invisible. The number of houses dwarfs shadow of 30,000 or more are listed on the asset market.
Supply and demand in the housing market expectations, the domestic supply of houses traded at around $ 3.5 million, equal to the value of the houses of nine months (selling the house in good condition track to reach five million dollars this year). A healthy housing market is the "supply" of six months to the property, which would be about 2.4 million. But once that is added to the inventory of shadow, which provide more than twice of at least $ 7.5 million.
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