LPS Applied Analytics, of Jacksonville, florida, publicly estimates that mortgage foreclosures (which are continuing to accelerate) have created such a glut of excess housing inventory that (even at depressed prices) could take almost a decade to liquidate.
[added 3/13/2022] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Foreclosure Inventory = 103 months | zero hedge
seekingalpha.com/article/200786-foreclosure-inventory-103-months
Current U.s. National Debt:
