As a follow-up to my previous article about the housing market and the mainstream media, I thought I’d post this. Just in from The Wall Street Journal it seems they’re finally confident to announce what we’ve been watching here in Denver for the past six months. From here on, housing is unlikely to drag the [...]
Tag Archives | foreclosures
Shining Light on the Shadow
Yesterday I read an article in the Denver Post which lead with, “Colorado could be facing new wave of foreclosures”, intimating a pending flood of the so-called “Shadow Inventory”. “Could” being the operative word. First, let’s define this Shadow Inventory: the number of properties that are either REO or 90+ days late on their mortgage [...]