25.04.2013 - Growing pains for the housing market
The modest decline in existing home sales in March in Mondayís update from the National Association of Realtors (NAR) prompted some pundits to wonder if the housing rebound is topping out. Anythingís possible, but the reason why sales slipped in March suggests that the marketís suffering from growing pains rather than facing a cyclical turn for the worse. The issue to consider is the supply of existing homes for sale. Although the inventory of units for sale turned up slightly last month, for the second time in a row, the rise follows several years of falling supplies. Demand, however, keeps rising...............................................Full Article: Source
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