Wrong. MLS-listed inventory may be shrinking. In this market, which is REO and short sale driven, we need to look at the inventory of bank-owned homes, short sales, and NODs. Can you post that before you say inventory is shrinking? I just want the facts.
Check out Mr. Mortgage, his inventory numbers include REO and short sale and he says we have 4.25 years of inventory on hand.
This article directly debunks the myth that inventory is shrinking. The research includes such mls-ignored facts as actual numbers of shadow inventory.
