This home is already in escrow. Purchased in 2002 for 315k so many here would say it is overpriced compared to the standard thought process that getting 2001 pricijng is a good deal.

Cambridge is a decent community accept you get lots of background freeway noise so try to get a unit in the middle of the complex.

Pricing for this floorplan was a bit higher last year so the depreciation trend is continuing and there continue to be short sales in the complex as well.

So there is continued risk of depreciation in the complex however I don’t think that the driver will be the tons of shadow inventory you refer to. Not because it doesn’t exist but because the govt and institutions have become adept at not letting that crater the market so the flood will be a long slow trickle.

Higher interest rates will be the likely driver of pricing in the future as opposed to inventory.