Sunday, July 29, 2012

Shrinking supply of homes for sale has upended market dynamics ...

The stock of homes listed for purchase has fallen significantly from last summer, in turn raising prices and homeowners' equity stakes and reducing total sales.

WASHINGTON ? Though many home shoppers who assume they are still in a buyer's market find it hard to believe, one of the sobering fundamentals shaping real estate this summer is shrinking inventory: The supply of houses for sale has fallen significantly in most areas compared with a year earlier, sometimes dramatically so. And that is having important side effects by raising prices and homeowners' equity stakes and reducing total sales.


Source: http://www.realestateclubla.com/real-estate-news/la-times-real-estate/shrinking-supply-of-homes-for-sale-has-upended-market-dynamics-2/

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