Relevant:
- California has nearly 9 years of housing supply counting shadow inventory
- Existing Home Sales Stuck Near Record Low and Inventory Stuck Near Record High
- Historical Housing Graphs: Months of Supply, Sales and Inventory
- U.S. ‘Shadow Inventory' Shrinks as Foreclosed Homes Sell, CoreLogic Says
- Weak Demand for Housing Portends Further Declines in Values
2011-02-17 — ritholtz.com
``My criticism about the NAR was about the nonsensical commentary that always seem to accompany their data. I never had cause to challenge their actual reporting of Real Estate sales. Until now... Consider inventory — using CoreLogic;s methodology, unsold inventory in November 2010 was16 months of supply, not the 9.5 months the NAR claimed.''
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