Archive for May 4th, 2009

Another Hole in the “Phantom Inventory” Theory

May 4, 2009

Regular readers know that I have a problem with those who say that the banks are sitting on thousands of homes in almost any given market — maybe tens of thousands and totalling 700,000 across the nation!– waiting for prices to improve so they take less of a loss. These houses are the so-called “Phantom [...]

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