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Real Estate Briefing - Categorized | Americas, Market Moves, Residential property Watch more

More reasons to cheer the U.S. housing market

Posted on 10 October 2012

There is some good news on the housing front with two reports indicating the long-stagnant U.S. real estate market is climbing to its feet and growing more stable. The first indicator comes from CoreLogic, which says the nation’s current “shadow inventory” of homes is in decline, a healthy sign more houses are moving off the “for sale” market.
According to CoreLogic, shadow inventory fell 10% from July 2011 to July 2012, from 2.6 million to 2.3 million units. That’s about the same level in March 2009, when the U.S. housing market was sinking fast………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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