Foreclosure Math: Shadow Inventory Adds Up


Diana Olick of CNBC.com has inquiring minds wondering about Governmental “New Math“:

It’s the real key to the housing recovery.

If we know exactly how much shadow inventory of foreclosed properties will come to market, and we know the general demand, then we can get an idea of how much pain there is ahead in the still-fragile housing recovery.

But…there is just one slight problem…

The trouble is that the government doesn’t report the number of homes held on bank’s books or in private label securities, despite the fact that it counts just about everything else this country buys and sells.

Now…remind me why our political leaders felt this same government is equiped to deal with life-and-death decisions in the Medical field??????

The rest of the article does have a few numbers but it is easy to understand with Olick’s writing style.

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