Thursday, January 23, 2020

Homeowners Not Selling: Lowest Inventory Level Of Existing Homes For Sale From Records Since 1982

From The Wall Street Journal, Real Time Economics | Newsletter, "Newsletter: The Number Of Homes For Sale Is At A Record Low" by Jeffrey Sparshott:
The inventory of existing homes for sale last month fell to the lowest level in records dating back to 1982, a potential stumbling block for homebuyers and catalyst for accelerating price gains. "Low inventory remains a problem, with first-time buyers affected the most,” said National Association of Realtors chief economist Lawrence Yun.
Source: The Wall St Journal, Real Time Economics

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