Carwin publishes a paper that introduces a predictive model that they developed, with significantly conservative assumptions, to calculate the months needed to absorb the shadow inventory (or pending supply) of distressed housing stock
DALLAS, TX (DECEMBER 2011): Carwin introduced its proprietary, predictive model to calculate the timeframe to absorb the “shadow inventory” (or pending supply) of distressed housing stock. Carwin has elucidated this model using a variety of data sources on the state of housing and residential mortgages in Las Vegas, a metropolitan area currently leading the nation in mortgage defaults and foreclosures. According to Carwin’s projections the Las Vegas Valley housing market will revert to a more normal environment with levels of new and resale housing sales similar to those witnessed before the mid 2000’s housing bubble by year 2016.
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