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The Cork Blew on Shadow Inventory – Last Month

March 1, 2012

P R O P E R T Y   S E A R C H

R E S T I V O – H E C H T M A N    T E A M

The court-imposed dam on Shadow Inventory blew last month.  There is a wave of distressed property that will come, which will impact sales prices all across America.  Some areas will be more battered than others.

If you are looking to sell,  and wanting to move within the next 6 months,  now is the time to agressively and compelling price your house for sale … before the real estate market is impacted by shadow inventory that’s about to be released onto the market.

States Attorneys and banks have worked 1.5 years to come up with an agreement as to how to release shadow inventory.   Bloomberg News announced last month that new home seizures will increase now, making  the long-term housing recovery more likely.  The $25 billion settlement with banks over foreclosure abuses will likely result in a wave of home seizures,  according to Steve Harney.

We appreciate our real estate blog followers.  If you wish  to subscribe and receive real estate market updates directly through your email,  you can do so below.  You’ll receive an initial follow up email asking you to confirm your request.  Our real estate blog posts on MiamiRealEstateCafe.com  will then go directly to whichever email address you specify.

Whether you are considering buying, selling or investing,  2012 will prove to be pivotal.  If you or someone you know is considering  buying or selling real estate, we’d welcome the opportunity to work together …  listing or buying.  For a consultation without obligation, we invite you to contact us  at restivo.v@ewm.com or call 305 793-1365.  The Restivo Team

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