Chicago’s Shadow Inventory Estimates - one of the Highest!

Shadow inventory is made public slightly utterly completely different counting on who you speak over with or what you are reading. But just place this may be generally the number of properties that are a minimum of sixty days delinquent and aren’t for sale. This information includes properties that have already disclose foreclosure and are bank owned or reo owned.

Unfortunately, Shadow inventory is inevitably growing and affecting the markets already hit onerous by high levels of distressed mortgages, like Chicago, that has an excess offer of inventory already. In line with short sale skilled an info analysis company owned by initial yank, Chicago has an estimated shadow months offer of eighty 1309 homes.

At the current sales rate in Chicago, there are approximately 2 thousands sales per month. At this pace the shadow inventory may mirror up to 4-5 years of potential inventory.