Relevant:
- Existing Home Sales Match All-Time Low in April; Inventory Swells
- Existing Home Sales Stuck Near Record Low and Inventory Stuck Near Record High
- November home sales moved barely above the worst crash readings
- Weak Demand for Housing Portends Further Declines in Values
- US existing home sales unexpectedly fall in July
2010-08-25 — housingstory.net
"Soft demand for existing homes pushed up inventory to a record 12.5 months of sales and easily broke the previous high of 11.3 months scored in April 2008. By this basic measure, the price of homes may reasonably be expected to fall at the most torrential pace seen during our four-year-old crash."
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