Shadow inventory. Those simple words stand for something that can have a big impact on the housing market. You’ve probably heard the term used by economists and real estate professionals, but what exactly is shadow inventory and what does it mean for your local market?
The times may be changing for transactions involving distressed properties as more banks become open to short sales and federal and lender changes are put in place to make them more attractive and efficient.
Illinois REALTORS® with a commercial focus will soon have a new tool to help pull together valuable market data and analysis they need.
Three REALTORS® share their tips on building a business in a smaller community.
Illinois REALTOR® members:
Watch for your print issue to hit your mailbox in the next few days! Read online: www.illinoisrealtor.org/magazine