I found these charts from Jeff B on Active Rain, I thought they were pretty good, I have some earlier posts about the Shadow Inventory that is coming down the pipe. I think that these charts support some of those comments, posts, and tweets about the Pent-up inventory that has been talked about the past couple of weeks. I don't think we need to panic, we just need to adjust the way we do business.
Good info about the “Shadow” inventory that is pent-up getting ready to go through the foreclosure process. Like I said in some earlier tweets, there is over 1.2 million loans that are over 90 days late that haven’t even started in the foreclosure process. Some analysts say that we will creep down another 6% before we hit the bottom. I am not a pessimist, but I am trying to be real. I hope all this stuff is wrong, and that great things are coming. Stay tuned!
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