Home sales have now posted year-over-year gains in each of the last nine months. But in almost all of those months, the number of homes for sale has declined.
"Florida’s housing market had increased pending sales, higher median prices and a reduced inventory of homes for sale in March, according to Florida Realtors latest housing data. “With the continued steep decline of inventory, histo... Read Post
Bay Area home prices saw record gains in June as the median sale price rose 33% from a year earlier and sales declined amid extremely tight inventory. Read Post
The decline in inventory helped boost home prices in 2012 and has in large part factored into analysts' upward revision to home price forecasts for this year. But declining affordable housing inventory is said to have been behind th... Read Post