Posted February 25, 2013.
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National Association of Realtors (NAR) reports that the total sales of existing-homes increased 0.4% to a "seasonally adjusted annual rate of 4.92 million in January from a downwardly revised 4.90 million in December, and are 9.1 percent above the 4.51 million-unit pace in January 2012."
As most of us Realtors and home seekers can probably all agree, there is a shortage of inventory right now. On top of that, NAR reveals, there are 40% more buyers than a year ago. There's no end to the demand, but there sure is to the inventory. This is not helping in improving sales, naturally. We're currently seeing the lowest inventory of housing available since April 2005 (NAR).
So, why is this? One reason…read FULL STORY HERE.
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(Photo by www.pbase.com/monicayoungling)
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