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US: The housing market’s new problem? Not enough homes to sell

Posted on 23 July 2012

Glenn KelmanIt seems like just a few months ago, home values were plummeting as thousands of foreclosures flowed onto the housing market.
Now, the tables have turned. A huge draw-down in for-sale inventories around the country has tightened markets, fueling bidding wars and price increases. Housing, no longer blamed for dragging down the economic recovery, is being celebrated as the one bright spot amid a recent deluge of disappointing economic reports………………………………………..Full Article: Source


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