Shadow Inventory Casts Pall on Housing

Tuesday, August 11, 2009, 9:18 AM
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Since a rebound in housing prices is the absolute key to warding off a complete financial disaster, we spend our days tracking the data in an attempt to assure we know what's going on.  

Unfortunately, the mainstream press is always and forever filled with the pronouncements of the NAR, despite the fact that this conflict-of-interest source was proven to have provided disastrously misleading information during the bubble run-up.  On that basis I would have expected the NAR pronouncements to come with some sort of a warning label affixed but apparently that lesson went unlearnt.

At any rate, one of the key statistics that the NAR has been offering, and which the press has been only too happy to repeat, concerns falling inventory. 


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