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Housing's got 99 problems, but shadow inventory isn't one, writes Nick Timiraos. The issue is...

  • Tuesday, August 14, 2012, 11:02 AM ET
    Housing's got 99 problems, but shadow inventory isn't one, writes Nick Timiraos. The issue is limited to certain pockets within the country, but is far from a national concern. "Like the Wizard of Oz, shadow inventory is not very intimidating once you pull back the curtain," adds Ivy Zelman. (see also)
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    Depends on how you define shadow inventory. My brother has two properties he'd like to sell but he's not interested in giving them away. They'll come on the market when it strengthens or he dies. Plenty of properties where the owners would like to upgrade, downsize or relocate and the market isn't there so they're not listing. Climb down from the ivory tower.
    14 Aug 2012, 07:09 PM Reply Like
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