Relevant:
- Existing Home Sales Post Gain, But So Does Inventory
- Mr. Mortgage: August CA Home Sales & Foreclosure Report…Plus National ‘Existing Home Sales’ Preview
- California has nearly 9 years of housing supply counting shadow inventory
- Existing Home Sales Stuck Near Record Low and Inventory Stuck Near Record High
- Existing Home Sales Don't Signal Market Normalization, Economists Say
2008-08-22 — ml-implode.com
``Inventory is not being absorbed due to foreclosures surging in July with only 10,712 homes leaving the inventory pool. This is less than last month and represents nearly 43 months supply.''
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