♠ Posted by Emmanuel in Casino Capitalism
at 4/07/2007 01:35:00 AM
The Wall Street Journal has an interesting article on rising home inventories in the US. They have an interactive feature where you can make your own chart to indicate inventories in major metropolitan areas. Being me, I checked everything. Lo and behold, it seems that inventories were higher in a majority of areas in September of 2006, though these figures do not appear to be seasonally adjusted. Click for a larger image:
The number of homes listed for sale in 18 major U.S. metropolitan areas at the end of March increased 6.5% from a month earlier, according to data compiled by ZipRealty Inc., a national real-estate brokerage firm in Emeryville, Calif. The data cover listings of single-family homes, condominiums and town houses on local multiple-listing services.Over the past 22 years, home inventories nationwide have increased an average of 1.7% in March from February, according to Credit Suisse Group. Supplies typically rise modestly in March as sellers pursue the many families with children who seek new homes in the spring, so they can move during summer vacations.
