Waiting For the Next Shadow To Come

Many analysts are saying there is another looming shadow inventory coming from REOs. Banks are holding back REOs from the market, leading to the speculation. According to some experts, as many as 90% of REOs are being intentionally held off the market. If this is the case, we’re in for another flood, it’s just a matter of time.  Letting all the backlog of inventory loose could potentially bankrupt some of the bank lenders, according to Thomas Martin, president of Americas Watchdog – a consumer advocacy group. The correlating problem would be a steep decline in already struggling home prices. According to CoreLogic, only 39,000 – or 10% - of foreclosed homes are actually on the market for sale. That’s out of 390,000 total. This is enough to keep investors on their toes, and economists nervously watching to see what happens next.

Read the full article here.

Leave a Reply

Your email address will not be published. Required fields are marked *


Hacking the Process Flipping Houses in Record Breaking Time

Jun 30, 2021

Discovering Purpose Through Crisis

Jun 23, 2021

Use Metrics, Not Emotions, When Purchasing Multifamily Units

Jun 16, 2021

Doing Your Due Diligence When Purchasing Multifamily Investments

Jun 09, 2021

Become a Successful Investor When Starting At Ground Zero

Jun 02, 2021

2021 Strategy Session for Wholesalers

May 26, 2021

Why We Bought a Class A Duplex From a Student

May 19, 2021

Pay Less Taxes with High Level Tax Depreciation Strategies

May 12, 2021