Shiller also notes Shadow Inventory...
Started by somewhereelse
about 16 years ago
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Discussion about
http://streeteasy.com/nyc/talk/discussion/17480-bn-housing-animal-spirits-to-be-banished-by-prime-foreclosures “There will be continuing foreclosures, and not just subprime, it will be prime mortgages,” Shiller, a professor at Yale University, said in an interview. “This is creating a huge shadow inventory of homes that are still owned, but they’re going to be on the market in the next year or so.”