General World News

Days on market grow despite low inventory for existing homes

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.

I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses. Total inventory data started at details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com