The retail industry -- e.g., clothing stores, grocers, and hardware shops -- understands the cost of keeping a large inventory.

零售业——例如服装商场、杂货店和五金店——可以理解维持一个庞大的库存所需要的花费。

youdao

That number is unlikely to shrink very rapidly, given the pressure on prices from a large "shadow" inventory of housing that is yet to hit the market (see chart) and the glacial pace of foreclosures.

由于市场还存在大量“影子库存”，加上市场还处在丧失抵押赎回权的冰河期，这都对价格造成冲击，因而负资产总额下降的可能性较小。

youdao

The unit-volume forecasts proved overoptimistic for several consecutive periods, and large amounts of inventory piled up.

一段时间过后，事实证明这一预测过于乐观，导致库存积压。

youdao

However, there remains the problem of large amount of inventory remaining on the market.

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So, the rapid absorption rate and hence declining inventory of existing homes is telling us that there are relatively few vacancies, inspite of a potentially large shadow inventory.

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The industry is expected to recover slowly as a large inventory of homes will maintain downward pressure on pricing.

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