Add ocrenter’s comments and graph with HereWeGo’s comment:
As sales pick up, more and more of the phantom inventory will be moved to the market place. There will be precious few lenders looking to “hold for the long term.”
That’s why I came up with the statement that these “phantom” will stay “phantom” for a very long time.
I understand the 2nd hump. But I’m pretty sure the people in the first and 2nd hump buy in different area. That is how I explain move up areas lagging way behind entry level areas.
