Foreclosed housing drag

January 3, 2011 § Leave a comment

by CalculatedRisk on 1/03/2011 10:15:00 PM

From CNBC: Home Prices Will Decline for Years: Zuckerman (ht Scott)

Mort Zuckerman … blamed the continuing price decline on the so-called shadow inventory of foreclosed homes that’s yet to come on the market.

It would have been much cheaper all around to let people stay in those houses. Then no excess inventory. Can this be modeled?

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You are currently reading Foreclosed housing drag at Reflections on GardenWorld Politics Douglass Carmichael.

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