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Loan Modification

: Mortgage Lender Implode-o-Meter

Long View of Housing Measures Says Sell

By Implode-Explode Heavy Industries

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``The only drop in vacancy has come from the rental market, which remains oversupplied even after this reduction. Even that decline in vacancy came only as a result of a sharp drop in the vacancy rate of multi-family buildings.... The shadow inventory of single family homes waiting to come on the market will add to both for-sale and rental inventory, and could trigger a downward spiral in rents. That would be catastrophic for the institutions who are the biggest owners of these properties. That includes insurers, pension funds, and REITs.''

Full post as published by Mortgage Lender Implode-o-Meter on March 01, 2011 (boomark / email).

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