by Paula Swayne | Nov 11, 2009 | Shadow Inventory
April 8th, 2009Carolyn Said, Chronicle Staff Writer”A vast “shadow inventory” of foreclosed homes that banks are holding off the market could wreak havoc with the already battered real estate sector, industry observers say.””We believe that there are in the neighborhood of 600,000 properties nationwidethat banks have repossessed but not put on the market, “said Rick Sharga, vice president of RealtyTrac.” May 19th, 2009Blog posted by Peter Coy”A new survey from Zillow.com confirms what I’ve been saying for months: There is a huge amount of “shadow inventory”in the housing market. Except the shadow is even bigger than I imagined.” According to Zillow’s VP for data and analytics, Stan Humphries, “Almost one-third of homeowners (31%) said they would be at least somewhat likely to put their homes on the market in the next 12 months if they saw signs of a recovering real estate market…We here at Zillow expect to see a long, drawn-out bottom, with any upward bumps in value tempered by new inventory coming into the market.” July 21st, 2009Real estate news and analysis from the Wall Street Journal”…there are some signs that banks may be delaying foreclosures, either because they’re overwhelmed with a glut of delinquent loans or because they’re strategically holding off on over saturating the market. That so-called “shadow inventory” could lead to an uptick in foreclosure listings later this year.” August 2nd, 2009by CalculatedRisk, lifted from the comments on Corus: “Too toxic to fail” by Rob Dawg”On shadow inventory from Reuters: “Shadow” inventory lurks over U.S. housing recovery[A] massive supply of unsold homesis waiting in the wings and could easily swamp the recovery before it...