Tuesday, February 26, 2013

Existing-Home Sales Inch Up; Inventory at Lowest Level Since 1999

The inventory of existing homes for sale fell 4.9 percent to 1.74 million, the lowest level since December 1999. Check the whole story here.

Also, the trustee sales (bank's foreclosure) is roughly half of last in January. The distressed inventory is coming down fast.

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