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Five acres of land zoned for agricultural and residential in southern Utah (located near a freeway with water rights for a home) sold three years ago for $110,000. A few days ago it went at a foreclosure auction for $14,500. That’s a 87% drop in price. Many other properties in the area are also [...] Calculated Risk, in their first video, shows an empty, never-used condo project in Irvine. The lights are on, but no one is home. Ever. New condos like this are shadow inventory – they are not included in the Census Bureau new homes report, and they are not listed in the MLS. But they do [...] |  | ||||
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