Shadow market?

[tweetmeme source=”stephenanuno” only_single=false]A popular term nowadays, Les Jones discusses the shadow inventory of repossessed houses. Though I don’t know how long a bank can actually hold on to a house. Not necessarily by law, but legal and practical. My guess is there is an additional inventory being held by folks who are underwater but have enough resources to wait a bit in the hopes of a better time to sell.  That’s not a good thing I think.

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