Housing supply drops for 13th straight month
August 8, 2009 by admin
Filed under Positive Real Estate
Zip Realty is reporting that listings of homes in U.S. metro areas continued to shrink for the thirteenth month in a row. The Realty company reports that the inventory of homes, townhouses and condos in nearly 30 major cities dropped 2.5 % in July. A 28 % lower year over year comparision.
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Housing Supply Drops in Cali
July 29, 2009 by admin
Filed under Positive Real Estate
The California supply of existing single-family homes for sale dropped to a seasonally-adjusted annual rate of 514,110. A six-month supply of homes for sale is considered a healthy balance between buyers and sellers, with anything less considered a seller’s market. It was only a year ago that unsold inventory index stood at 7.6 months.c
