Housing inventory continues its slide

01/22/2013 | Wall Street Journal, The

The inventory of homes on the market has been dropping as sales continue their upward trend. At the end of 2012, the U.S. had 21.6% fewer homes for sale than a year earlier, the National Association of Realtors reported. Reasons for the shrinking inventory include homeowners' lack of equity, a slowing pace of bank foreclosures and fewer new homes under construction.

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