Not to poke a hole in this well-reasoned, somewhat well estimated and unproven theory but …
Checking the tax records here in Maricopa County, Freddie Mac owns 655 homes. Note, I don’t mean 655 homes listed in the MLS … per the tax records, Freddie Mac is the owner of only 655 homes in Maricopa County.
The real monster lurking is Fannie Mae, which owns right around 2,500 properties in Maricopa County.
Which would be frightening except the majority of those homes aren’t hiding in the shadows; only 900 of those homes are not currently on the market.
Perhaps if we want to continue searching the shadows for theoretical items that may or may not exist but still allegedly go bump in the night, we should bring in the “pros.”
P.S. If anyone has hard data to substantiate the homes Freddie Mac and Fannie Mae are keeping off the market, I’m up for taking a look. I’d even buy the argument that they simply decided to stop foreclosing on people, though you’ve got to give me better than a tinfoil-hat conspiracy theory.
Unless you’re Kris Williams from Ghost Hunters International, in which case I’ll believe anything at all you wanna tell me.