Housing Inventories Hit Four-Year Low - Wall Street Journal (blog)

But real-estate agents and home buyers across the country have increasingly voiced frustration with what many say are slim pickings. As a result, the latest inventory declines may point instead to the housing market?s continued disrepair. Meanwhile, sellers, frustrated with lowball offers, could be taking their homes off the market to wait for a sign that prices have stopped falling. That can further chill sales as buyers become afraid to overpay while sellers are similarly cautious about under-pricing their home. Inventories surged in July 2010 following the expiration of tax credits for home buyers and fell steadily until May 2011. Median asking prices fell by 11% in Las Vegas, by 10% in Detroit, and by 8. They don?t include all Homes for Sale, including those that are ?for sale by owner? and other properties that aren?t marketed through multiple-listing services. Our blogs do not require the use of your real name. The joke after the boom was that many of the C lots and D lots should never have been developed. That said, how much of our bloated inventory are C and D lot homes that should never have been built in the first place. Perhaps you should declare your disgust for idiots instead of all agents. Seems to be a matter of a certain type of non-financial leverage: http://bit. Unfortunately for the panel, much of it was advice about what not to cut. Send tips, comments and questions to?developmentsblog@wsj. Homes for Sale