Shadow Inventory Threatens Housing Market Stability
May 26, 2010 at 01:24 AM EDT
The bad news for the US housing market: despite strong resales in April, the country had about 8.2 months of inventory. For real house prices to stay stable, inventories need to be in the four to six month range, and because inflation is nearly non-existent for the moment, downward pressure on real prices means [...]
