Housing Inventory Crunch Starting To Slowly Ease

With more people putting homes on the market and the pace of sales easing due to the regular fall slowdown and rising mortgage rates, there are more homes on the shelf. Nobody wants to sell right after prices bottomed, but its been 18 months since prices bottomed and more homeowners are feeling as if theyve waited long enough, said Jed Kolko, chief economist at Trulia. Housing inventory has taken wild swings through the housing bust and link subsequent recovery, moving from a gluttonous drag on prices in the downturn to todays depleted stock that has left home buyers bidding up the little left to choose from.
For the original version including any supplementary images or video, visit http://blogs.wsj.com/developments/2013/09/19/housing-inventory-crunch-starting-to-slowly-ease/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s