Do you think existing homes for sale nationwide are over supplied?

  • January 26 2010 - The Loop
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Answers (1)

Actually our inventory levels in the Twin Cities market is down compared to last year. However it still means 6 homes for every buyer. 

Unfortunately there are alot of folks who WANT to sell but can't because they're underwater (an estimated 1 in 6 homeowners in America are underwater on their mortgage). Then there is the 'shadow inventory of foreclosures which could cause the perfect storm and sink an already precarious situation.
  • January 26 2010
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