Relevant:
- Pending Sales of U.S. Existing Homes Increased 4.1% in March
- US Home Prices Rise at Solid Pace, Even With Flat Sales
- U.S. home sales hit 10-year high, prices soar on low inventory
- Existing U.S. Home Sales Fell in December as Supplies at Lowest Level Since 1999
- U.S. Home Resales Fall; Prices Drop by Record 13.2%
2012-05-09 — bloomberg.com
The U.S. housing market is showing signs of bottoming as improving employment and record-low mortgage rates boost demand while inventories of available properties tighten. At the end of March, 2.37 million previously owned homes were available for sale, 22 percent fewer than a year earlier, the Realtors said.
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