Inventory of Houses for Sale
December 21, 2012 - 5:10pm
I am clearly in a writing mode today. Must be the fact that there is not much to do when I can’t get a banker/lawyer/real estate broker on the phone.
Anyway, I have been lamenting lately about the fact that we can’t buy houses the way we used to, back in 2009. I wanted to see what the inventory of homes was because I hadn’t seen much about inventory lately, just about home prices, although they do work hand in hand. Anyhow, here is the chart from YCharts.com.
The chart is from the time we started buying (June 2009) until recently. As you can see, total inventory collapsed by 50%! That’s great for the United States economy and housing market, but terrible for us. Ah well. That’s part of the business. Obviously banks have held back a lot of foreclosures, and I am sure a lot of people have taken their houses off market due to the fact t...Continue reading this article »