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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (566)5/11/2012 4:17:28 PM
From: John Vosilla  Read Replies (1) of 2722
 
Distressed Housing Inventory Will Take 46 Months to Clear

Standard and Poor's Rating Services' estimates that the time it will take to clear the supply of distressed homes, or the shadow inventory, on the U.S. market is now 46 months. For the city with the greatest estimate of the time it will take to clear its inventory of foreclosures and short sales, New York City, it will take 202 months, or nearly 17 years

New York City's distressed inventory ranks largest in the nation with the highest months-to-clear, at 202 months. Boston ranks next at 86 months, then Chicago with 72 and Atlanta with 71 months.

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