4 Years of Shadow Inventory; Where Are the REO's?; Going Direct to the Listing Agent

/via Housing Wire: Shadow Inventory Could Take Four Years to Clear: Morgan Stanley

The shadow inventory of homes with delinquent mortgages yet to move through the foreclosure process would take 47 months to clear at the current sales rate in the market, according to a newly-published housing finance report from Morgan Stanley

/via Allan Glass: May California Foreclosure Report – Where are the REO’s

In his stat filled post that’s defintiely worth checking out, Glass concludes that,

If you’re an investor and haven’t educated yourself on buying at trustee sales or are waiting for the REO’s to fall into you lap, you’ll likely keep waiting. If you’re a Realtor® still trying to figure out how to become an REO broker, you’re missing the boat.

/via bubbleinfo.com: More on RE Revolution

There’s some great info in this post from Jim Klinge, AKA JimtheRealtor(<-I highly recommended his YouTube channel), where he takes on a tough topic and shares his 'Thoughts About Going Direct to the Listing Agent‘ & nails it IMO.