Tuesday, January 4, 2011

Market taking longer to absorb foreclosed properties

S&P says 44 months, and growing, to clear out shadow inventory. If the estimate is now up to 44 months, and that number gets larger each quarter...when will we truly see a bottom?


Click on the title above or the link below to review the entire MarketWatch article.

http://www.marketwatch.com/story/sp-warns-on-shadow-inventory-of-foreclosures-2011-01-03?reflink=MW_news_stmp