Louis Basenese has been saying it for a while now.
But many analysts are now in agreement, that this housing rebound is the real deal!
One major indicator is inventory.
As one real estate broker in Riverside, California says, “Inventory in our area is very short. We average in our good years about 2,200 listings active at one time. Current inventory is about 360 units.”
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It’s not just a regional trend, either.
In 2008, the United States real estate market had more than 10 months’ supply of homes. As of January, that had shrunk to just four months.