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US: Housing inventory picked up in March

Posted on 11 April 2013

Housing inventories picked up modestly in March, offering some hope to home buyers who are grousing about slim pickings, according to a report released Wednesday.
The number of homes listed for sale in March jumped by 2.4% from February and has increased by 3.5% from January, according to data compiled by Realtor.com. Inventories typically rise in the spring as the peak home-sales season begins, and the recent uptick is outpacing last year’s increase of 2% from January to March. Inventories were still 15% below their levels of a year ago………………………………………..Full Article: Source

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