Housing Inventory Is Rising Again
Housing inventory is rising again, increasing the chances that prices will take another dip, says real estate data company Altos Research.
Housing inventory fell steadily beginning in April 2009 until the end of the year. In January 2010, it began rising in the 10 cities that Altos tracks: Boston, Chicago, New York, Los Angeles, San Diego, San Francisco, Miami, Las Vegas, Denver, and Washington, D.C.
“If the numbers don’t continue to move up pretty significantly, we could very well start 2011 at the same place we started in 2009,” said Scott Sambucci, Althos’s vice president of data analytics.
Source: Inman News, Andrea V. Brambila (04/09/2010)