At the height of the 2008 sub-prime crash, housing inventory accumulated rapidly, then dissipated through mid-2009 – the effect of withdrawn listings in 2008 and the housing stimulus in 2009. But, inventory is persistently rising again this year. Out of the last year’s short-term recovery and back into burst for these markets? (If you think this is interesting, you should see the price trends in the markets…)
Chart of the Day: Shadow Inventory No More in the Central Valley?
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