From 2007 (late) to just a few months ago, every time I looked at our NWMLS dashboard, there were more new listings then sales....and in the past few months, that trend has continued. There's a lot of talk about shadow inventory (homes the banks have foreclosed on but haven't replaced back on the market) and it would be interesting to see those statistics but today....today.....we're seeing inventories depleted and the market is starting to heat up. This feels like the spring market is shaping up just like the good 'ole days. Course, time is the prover of all theories, but below you will find a link to an article by CNNMoney regarding foreclosures. See what you think!
CNN Article link right here!
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