Empty houses, empty for a long time and still no "for sale" signs.
Presumably owned by banks or mortgage companies. Why aren't they even trying to sell them?
Could be waiting for prices to rise.
“Presumably owned by banks or mortgage companies. Why aren’t they even trying to sell them?”
I think they get some sort of gov’t deal for having these dead houses on their sheets. I know people that had hoped to pick up a cheap, foreclosed home years ago - but they weren’t on the market, at least in our area.
They sit because the banks understand supply and demand. If the banks had flooded the market with all of their shadow inventory it would lead to a further collapse of the housing market. Too much supply, not enough demand, prices drop and now additional non REO homes fall into financial extremis (upside down).