Tempe and Scottsdale Home Inventory and the Shadow Real Estate Market.

The insiders in our real estate community are referring to this back log of homes as a "Shadow Market". What that means is the banks are releasing foreclosures at a slower pace to our market and causing a lower available home inventory count in Arizona and other places. Banks are not in the market to hold home inventory like this and by doing this many of these homes have further market depreciation and end up in worse shape. Many feel there will come a time in the near future that this glut in inventory will be dumped back on the market and inventory counts will again rise. I believe the new inventory will hit the market in August or September. The question is will they fire sale these homes to get them out of their hair? Investors hope so. What an opportunity to cash flow on rental properties again. "Don't wait to buy, buy then wait." We are slow to buy right now expecting better deals this fall. We are working hard to get the best deal possible for our buyers which are mostly investors right now.

Ann Adams

Ann Adams & Associates

www.azfreehomelistings.com

480-777-3414