According to Corelogic (courtesy of Chris Wood at CLSA), there are an estimated 1.8 million homes that are “distressed” ? the “inventory pipeline” of homes in arrears or in the foreclosure pipeline.
I remember during the housing bubble a lot of areas had more realtors than houses avaiable. When we moved we had 4 houses to choose from in the area we had picked. Now there are around 350...