Standard and Poors Rating Services are predicting it will take 49 months to clear out all the bank owned "Shadow Inventory" held by U.S. financial institutions at the end of the 4th Quarter of 2010. This is only 1 of the important factors that has to take place for home values to begin to rise, we also need unemployment levels to decrease and general consumer confidence to improve. If you are thinking of waiting to sell for prices to "come back" to what you think your property is worth based on 2005-2007 market peaks I advise preparing yourself for a significant waiting period.
Posted by Ben Nicolas on
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