Conservative
Type 40
With all the other negative numbers cited, THIS qualifies as a recovery?Chris provided his source, where is yours?
There have been probably 100 sources posted that blow Chris out of the water. Chris has not attempted to refute a single one, but seems to have moved on to derivatives.
That''s what I am talking about.
Where did you refute this?
Nationally, total housing inventory at the end of May dropped 0.4 percent to 2.49 million existing homes available for sale, NAR reported. That represents a 6.6-month supply of available homes at the current sales pace. In April, there was a 6.5-month supply.
Across the country, listed inventory is 20.4 percent lower than a year ago at this time, when a 9.1-month supply existed. Compare that to the peak of the market in July 2007 when unsold inventory hit a record of 4.04 million homes.