Great article on Shadow Inventory (and what it means to you)
Maybe the best article I've seen on shadow inventory; history over the downturn and how to think about it now and in the future: http://blogs.wsj.com/developments/2012/08/15/shadow-inventory-monitor-banks-speed-not-just-volume/ (pssst to WA Staters: on Friday evening I had a discussion with a Paralegal friend hired to handle an increasing volume of judicial [slower] foreclosures).
Shadow Inventory Opinion
Interesting (seems convincing) angle on shadow inventory.
http://www.kcmblog.com/2012/08/16/dont-be-afraid-of-what-lurks-in-the-shadows/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28The+KCM+Blog%29. A click on the link to the map shows WA state what appears to be a below-average 1.3% of homes in the process of foreclosure.
Shadow Inventory
People often wonder/ask about "shadow inventory." Here's an interesting graphical representation of same; showing a current decrease
670 New Condo Units in Belltown?!
Well, there goes the “there are no new condos coming out of the ground” argument. It looks like we can expect 335 new units by the end of 2014, with 335 more to follow if the developer feels that demand will support the supply. This underscores one of the challenges with assuming supply/demand-based appreciation in in-city condominiums; when there are empty lots around, there is potential for more supply. http://www.djc.com/news/co/12041770.html
Local Seattle press acknowledges shrinking downtown condo inventory
http://seattletimes.nwsource.com/html/businesstechnology/2018251763_condos21.html
The “news” isn’t all that much a surprise. The balanced nature of the article – reduced supply, increased demand, but acknowledging “shadow inventory” – is refreshing.