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The real estate shadow market

(source: Denver Business Journal)
 
“Denver-area residential real estate brokers fear a flood of foreclosed homes still held by lenders — the “shadow market” — will be put up for sale in 2010, depressing home prices and values even more than they already have been in the recession.
 
A big influx of homes coming on the market all at once would hurt the recovery in the local housing market, according to real estate experts. Brokers already anticipate a sharp drop in home sales in the second half of 2010, after federal homebuyer tax credits expire June 30.”