[quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.
Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]
Why? That is normal inventory flux. There will always be people dying and people moving.
Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.
The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).
