[quote=ctr70]Where is the inventory going to come from? I don’t see where.
-It’s not going to come from a flood of REO’s, the “next wave” that was always “just around the corner” never happened and was an urban myth
-Not going to come from builders, they can’t build that fast
-Not going to come from normal sellers, still not enough equity
-I don’t see a sudden rush of short sales, anyone who wanted to short sale has had ample chance the last few years
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FHA is where the new defaulters. Of course that’s government run and if there were foreclosures from FHA it would be coming out of HUD. Right now there’s nothing coming out of HUD and with government help I doubt there will be.
I figure those that really want to buy will do so in the next year or two and then we’ll have a pent up demand to sell from all the sellers hoping to sell for higher prices. Unfortunately I figure the buying pool will be pretty small at that point and sellers will have wished they sold when things were good in 2012-2013. It always seems to work out that way.