The Myth of the 'Shadow Inventory'

[Ted Harris]

We've been hearing about this for almost three years now - I agree with article below which pts out the problem differs widely from market to market and many of these are low-end or tear down properties which won't have any bearing on mid or high-end homes. Also, inventory levels in many areas continue to shrink (miami, vegas) ....

http://www.realestatechannel.com/us-markets/residential-real-estate-1/real-estate-news-shadow-real-estate-inventory-shadow-inventory-shadow-home-inventory-delinquent-loans-home-foreclosures-bank-real-estate-owned-2808.php