November 17, 2024 5:36 am
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Housing experts debate ‘shadow inventory’

 

 

By Catherine Reagor

The Arizona Republic

The debate among housing market watchers over whether metro Phoenix has a looming shadow inventory goes on, even as foreclosures fall and home prices keep rising.

Some believe there are thousands of homes in the region on which mortgage payments haven’t been made for years, but lenders haven’t moved to foreclose.

The concern is those homes make up a “shadow inventory” that could be dumped on the market anytime or all at once, stalling the current recovery.

Other housing experts don’t believe the area has a shadow inventory problem.

Continued: 

Also:

U.S. Hastens Shrinkage of Mortgage Firms’ Portfolios/AP

If interested in discussing real estate matters, you can contact Jordan Rose, RLG founder, managing partner, @jrose@roselawgroup.com

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.