Join Date: Apr 2012
Location: Your House Soon...Soon
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The shadow inventory some have mentioned previously ie the house that has sat empty for 6 years has come way down. The rag has been rung and levels are more or less near norms in most areas.
It seems unlikely that the next administration is going to put pressure on banks to ease lending requirements in the manner of the past.
Sometime around 2005, based on some inside sourcing and a lot of homework, we projected the glut of foreclosures would continue for 5-8 years. For us that has been pretty accurate. Constant and steady streams of bank work will not continue indefinitely, however most other areas on the private side will.