Home Inventories Drop Meaningfully in December, Trend Needs to Continue
January 26, 2009 at 11:29 AM EST
Updating our long-running chart of existing home inventories, we see a sharp drop in December. The chart below shows 2007 and 2008. You can see that monthly inventory drops in the past have been temporary, and not the beginning of a new trend. Hopefully this can change going forward. In order for the economy, our financial [...]
