delay seems like the best strategy for the banks to employ at this point for any number of reasons

I posted the link because it was the first place I saw the 600K and 80K numbers

as to your question, I’d say, does it really matter whether the ‘hidden inventory’ is ‘on the market’ or not? once the consumer has the perception that the ‘hidden inventory’ exists it might as well be on the market anyway – right back to supply and demand, only now the previously hidden inventory has to be included in the supply column and what happens to prices as a result?