Tuesday, December 4, 2012

Higher Home Prices Coming; Housing Inventory Down 22% Year-Over-Year

National Housing Inventory

As of December 03 2012 there were approximatelry 711,023 single family and condo homes listed for sale in the 54 metro areas tracked by the DepartmentOfNumbers.com. 

The median asking price of these homes was estimated to be $227,456.2 Since this time last year, the inventory of homes for sale has decreased by 22.9% and the median price has increased by 2.4%

The decline in inventory coupled with Bernanke money printing suggests that home prices are likely to head higher. Anyone considering buying a house should do so now, especially with the opportunity to lock in mortgage rates at extremely low levels,


  1. http://usawatchdog.com/over-20-million-houses-sitting-vacant-fabian-calvo/

  2. Congrats Robert you mark the the top. Notice TOL stock performance today. Ben has managed to sucker the last few into housing before the next leg down