Home Sales Market Officially Road Kill

Posted: May 23, 2008 at 9:25 am

The inventory of homes in the US is at the highest level since 1985, measured by average months on the market. According to Reuters "inventories of unsold homes rose measurably, surging 10.5 percent to 4.55 million units at the end of April."

Where are the analysts who think the recession is ending?

Douglas A. McIntyre

Read more: Housing
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