This is a graph of the existing home sales of December in the States.
Offering some relief in a down beaten housing market.
One swallow does not make a summer.
But if we suppose only just for a moment things start to go better in this sector, it will offer an enormous psychological relief to people.
No, it’s still too early to cheer.
No, it’s still too early to cheer.
Because the current existing home inventory is falling to a 9.3 months of supply and the above figures can be solely reflecting this smaller inventory improvement compared with the month before.
Although this is the lowest supply level in a year and significantly lower than the 11.2 of April 2008.
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Although this is the lowest supply level in a year and significantly lower than the 11.2 of April 2008.
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