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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August 18, 2012

Housing

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