Relevant:
- Existing U.S. Home Sales Fell in December as Supplies at Lowest Level Since 1999
- Economist Forecasts 20 Percent Further Drop in Housing Prices
- Prices in 19 of 22 Major Housing Markets Fell During January
- Home Prices Rise in Half of U.S. Cities as Markets Stabilize
- MarK Hanson: Housing Market "Vulnerable"; At "Inflection Point"
2007-06-01 — bendweekly.com
"(Housing) inventories," he observed, "are the best predictor of the future direction of a housing market." "There are 3.7 million existing homes for sale in the U.S., which is 20 percent above where it was last year."
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