Burns Says `Shadow Inventory' May Threaten Home Prices: Video
Burns Says `Shadow Inventory' May Threaten Home Prices: Video
Feb. 18 (Bloomberg) -- John Burns, president of John Burns Real Estate Consulting Inc., talks with Bloombergs Betty Liu about the implications of what he describes as a "shadow inventory" of homes risking foreclosure. Burns, speaking from Irvine, California, also discusses the potential effects of an increase in mortgage rates and the outlook for the US housing market. (Source: Bloomberg)
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