Remember The Housing Market 'Shadow Inventory' That Had Everyone Completely Freaked Out?

After the U.S. housing market crashed and the economy spiraled into financial crisis, there were a lot of economists and analysts who warned that the massive "shadow inventory" of homes would keep prices depressed for an extended period of time. The "shadow inventory" consists of homes that were seriously delinquent or foreclosed on, which banks would keep off of the market for fear that the additional supply would cause prices to crumble further. Housing market skeptics argued that banks would ...