NPR: Housing market, finally at the bottom?
Home Sales Jumped In June; Inventory Now Low. Don’t think so. Inventory’s low because noone wants to sell at the bottom. Sellers here in SF, some refuse to move on price, because they simply can’t believe in the loss of equity.
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Home sales did not jump, nor is the number of available homes lower: google around for “shadow inventory.”
The NPR “report” consists of repeating some (already false) numbers regarding *new* single-family homes....and then projects that across the national housing market.