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Housing Market Update

Friday, September 25, 2009, 1:44 PM
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The prior Martenson report on housing covered inventory (supply) and prices.  Lots of news has recently come out that I want to add to the story.  The breaking news in this area is coming a furious pace these days.

This first is an estimate of shadow inventory, and it's something of a shocker.  Where I had suspected that inventory was being understated "by a few million," I did not think that it was as high as 7 million.

 

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