Feb 25 2008
January Housing Inventory Increased To A 10.3 Month Supply Compared To 9.7 In December
We did find the housing inventory numbers increased, which is key. We are looking at the 10.3 month supply compared to 9.7 in December. In January, we were up in terms of inventory, that seems to be a problem. We are not anywhere close to that, for existing home prices, is not good at all and it will drag on.
New home prices is a different picture because the home builders are biting the bullet here. The leading home price index suggests that, in effect, although that may be a problem, there is an interesting optic we see at the end that makes us wonder whether new home practices might actually stabilize as wee see within the S&P/Case-Shiller Home Price Index report.
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Original post by Admin