Total housing inventory at the end of June rose 0.2 percent to 4.49 million existing homes available for sale, which represents an 11.1.-month supply2 at the current sales pace, up from a 10.8-month supply in May.
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Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
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2 comments:
I would imagine that the number is even bigger due to a growing number of reo's that aren't making it to the mls.
Once you've found the unreal Dave lindahl scam real estate asset you plan to make over, protected the loan. Don't ignore to characteristic in the cost of the necessary upgrade. You will generally need more money than you expect investing on maintenance and upgrades. Expect surprising costs. If you don't have additional money on hand, you may need a bigger home loan that comes with additional funding for solving up.
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