Awaiting a wave of North Shore foreclosures?

A recurring meme among some North Shore real estate agents of late has been concern about the impact of what they view as a pending wave of foreclosures in the area. When I sat down with Matt Garrison yesterday, I asked him to comment on that possibility.

Garrison’s blunt, direct answer goes a long way toward explaining why he’s become CNBC’s go-to guy for real estate market commentary: “There’s a massive amount of inventory on the market – not selling … Nothing appears to be selling.”

Note: Matt Garrison’s CondoShark and ShoreShark Web sites are YoChicago advertisers.

Related posts:

1. Four North Shore and north suburbs homes join ShoreShark’s 40-percent club
2. Foreclosures and vacancies in North Lawndale
3. Shark bites: Top five North Shore discounts
4. Suburban showcase: playing favorites on the North Shore
5. Streeterville smackdown: 474 North Lake Shore Drive vs. Pearson on the Park

Tagged as: Foreclosures, Market conditions, North Shore, Price reductions