April 2013 Update: These words are as true today as they were a year ago. For years now we've been hearing housing "experts" talk about the shadow housing inventory. This is apparently all the distressed housing backlog that has yet to make its way through the system. Depending on who you talk to, it may or may not include homeowners that are underwater (but current), people who have jobs now but might not later, or people who will decide to default just because everyone else is (the "herd … [Read more...]
