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existing home sales - Inventory levels - US housing
Inventory levels increased sharply in 2006 and 2007, but have only increased slightly in 2008. In fact inventory for the last three months (August, September and October 2008) are slightly below the levels of last year. This might indicate that inventory levels are close to the peak for this cycle (inventory has peaked for 2008), however there is probably a substantial shadow inventory – homeowners wanting to sell, but waiting for a better market - so existing home inventory levels will probably stay elevated for some time.
Inventory levels increased sharply in 2006 and 2007, but have only increased slightly in 2008. In fact inventory for the last three months (August, September and October 2008) are slightly below the levels of last year. This might indicate that inventory levels are close to the peak for this cycle (inventory has peaked for 2008), however there is probably a substantial shadow inventory – homeowners wanting to sell, but waiting for a better market - so existing home inventory levels will probably stay elevated for some time.
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