Shadow Inventory Could Take Four Years to Clear: Morgan Stanley

Morgan Stanley put the total number of homes in the shadow inventory at 8m at the end of Q110, and at the current sales rate, that would take 47 months to move through. Morgan Stanley is not the only firm trying to measure the shadow inventory.

“Whether it’s the sidelined, shadow or current inventory, the issue is there’s more supply than demand,” said Oliver Chang, a U.S. housing strategist with Morgan Stanley in San Francisco. “Once you.

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Had this couple read my Housing Market Report which discussed the enormous shadow inventory. Morgan Stanley Study of All-Cash Buying In April of this year, I posted an article about strategic.

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The national average is at 34 months. Phoenix had the smallest shadow inventory. That market would take 16 months to clear the amount distressed properties yet to hit the market. Estimates on the shadow inventory, and the time it will take to clear, vary firm to firm. Morgan Stanley most recently said it could take four years to clear.

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