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US: Housing: Plenty of reasons to be pessimistic

Posted on 08 October 2012

There’s plenty of debate about - and money riding on - the question of whether we are in the midst of a sustainable recovery in the housing market. Nobody knows for sure, of course, but there are plenty of reasons to be pessimistic.
For one thing, the supply of homes, in terms of what is currently on the market and what is potentially for sale whether or not prices rebound further - the so-called shadow inventory - remains significant relative to demand, even though data from the National Association of Realtors (NAR) shows that inventories of existing homes are back to where they were eight years ago………………………………………..Full Article: Source


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