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Tag Archives: Housing Supply
June Existing Home Sales Disappoint. Realtors Blame Cancellations
Economists were predicting that June Existing Home Sales would rise 2.9%, but that didn’t happen. June Existing Home Sales fell 0.8% from May and are down 8.8% from June 2010.
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Existing-Home Sales Fall in April, Realtors® Blame Appraisers
Existing Home Sales declined in 0.8 percent from March to April and are down 12.9 percent from April of 2010. Rather than accept that there are legitimate reasons that the housing market is weakening, Realtors® are blaming low appraisals and tight underwriting standards.
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How Long Will It Take To Clear Our Shadow Inventory?
If you thought California, Nevada, Florida, and Arizona were the worst places for foreclosures, consider that they might just ahead of everywhere else. Continue reading
Existing-Home Sales Rise in March
Sales of existing homes rose in 3.7 percent from February, but remained 6.3 percent below March of 2010. Housing inventory levels rose slightly as more homes came on the market, creating 8.4 months of housing supply. Continue reading
Report: Shadow Inventory Declines Slightly
CoreLogic (NYSE: CLGX), a leading provider of consumer, financial and property information and business services, reported today that the current residential shadow inventory as of January 2011 declined to 1.8 million units,representing a nine months’ supply. Continue reading