Northern California is showing signs of true recovery in the housing market. Our northern neighbors saw multiple offers for 36.6% of the homes sold in January. And although this figure includes foreclosures, multiple offers mean there are parties competing to buy the same property. However, the issue analysts are concerned about is the growing number of shadow properties. Shadow properties are homes that have already been foreclosed, but that have not been placed on the market. If too many of these properties get listed simultaneously it could cause another decline in home values.
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