Florida Virtual Houses

Zillow.com measures the ’shadow inventory’ of unsold homes

May 19th, 2009

A new survey from Zillow.com confirms what I've been saying for months: There is a huge amount of "shadow inventory" in the housing market. Except the shadow is even bigger than I imagined. Here's how Zillow's vp for data and analytics, Stan Humphries, puts it in a blog item today:

Almost one-third of homeowners (31 percent) said they would be at least somewhat likely to put their homes on the market in the next 12 months if they saw signs of a recovering real estate market .... We here at Zillow expect to see a long, drawn-out bottom, with any upward bumps in value tempered by new inventory coming into the market.

Entry Filed under: News