The National Association of Realtors today report that inventories of homes on the market rose by 5% to a record 4.43 million, representing an 8.9-month supply at the May sales pace. That's the biggest overhang of inventory since June 1992, at the tail end of the last housing bust. You can read the full report on MarketWatch.
If you are buying or selling a home in these uncertain economic times, and you need a bit of advise, be sure to check into my Real Estate Consulting services.
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