Home / Housing / A Little Good News on Housing
Print Friendly and PDF

A Little Good News on Housing

Written by Gary North on November 14, 2011

Inventories of existing homes fell 16% over the last 12 months. This means that the number of sellers of homes competing with each other has fallen. This points to stabilization of prices.

Problem: this does not count “shadow inventory”: repossessed homes, abandoned homes, and other non-traditional sources of housing. But this does point to some temporary alleviation of the housing crisis.

A recession in 2012 (likely) will reverse this.



Continue Reading on www.calculatedriskblog.com

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

Comments are closed.