I was looking in MM myself, and I realized the invetory/listings evaporated overnight. Now, I am hopeful that the shadow inventory is about to kick into high gear and putting more pressure on prices. I guess at this point I don’t even have an issue with the prices, I just don’t have a decent pool of inventory to choose from.
Per Jim’s remarkable report……MM is expecting a huge increase in REO…..coming near your favorite site/MLS :)[/quote]
Would t he “huge increase in REO” help with your problem of not having a decent pool of inventory to choose from? Only time will tell. Also, would 6.5 months of supply be enough pressure to push price down?
