Relevant:
- Existing Home Sales Post Gain, But So Does Inventory
- Shadow Inventory Drops below 2 Million Homes
- 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
- US existing home sales unexpectedly fall in July
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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