Have you read headlines recently that read something along the lines of, "housing market is showing improvement."? Ha! The truth is, the real estate markets in most parts of the country are far worse than are being reported. The fact remains that shadow inventory is huge...in fact, it's bigger than analysts are able to calculate due to their limited access to the whole picture. While some estimate the shadow inventory size at 1.6M, others estimate 10M-20M. That's a big range!
The following USA Today article, Depths of Foreclosure Crisis Difficult to Measure, describes what's really going on out there. Read that article cover to cover; read it twice. That is reporting the truth.
But be of good cheer! For when any door closes, another one opens. The great news is that if you are a "glass half full" kind of person, this is the greatest time to be a real estate investor in history. Depending on how you look at certain points in the above article, you'll see that this is a great time to be a real estate investor.
What do you think the silver lining is in all this?