NAR :: Sales Flat, Inventory Increasing Nationwide
How about some bookmark love? ::
Watching CNBC today, they had the update from the National Association of Realtors, that is sales are flat (fractionally down). The Dow Jones Industrial Average responded favorably to that report. Experts interviewed had to admit that the subprime fallout isn't enough to take down the market on it's own.
Translation: more inventory helps the buyers maintain their current advantage.
Increasing inventory diminishes the potential profits for sellers.
The problem for sellers lies in the "casual" or not-serious sellers adding to the market inventory to "test the market". That is serving to bloat the inventory. This housing data is inline with the last several months of performance, and continues to be a relatively predictable trend.
Translation: more inventory helps the buyers maintain their current advantage.
Increasing inventory diminishes the potential profits for sellers.
The problem for sellers lies in the "casual" or not-serious sellers adding to the market inventory to "test the market". That is serving to bloat the inventory. This housing data is inline with the last several months of performance, and continues to be a relatively predictable trend.
