Home Sales Market Officially Road Kill

May 23, 2008 by Douglas A. McIntyre

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

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