Friday, June 14, 2013

Inventory Situation Improves in June

Inventory Situation Improves in June
Compared to Start of 2013: While the number of for-sale listings nationwide remains down from last year, June saw a promising lift compared to the start of this year, Zillow revealed in a new report.
The overall number of listings on Zillow was down 12.2 percent year-over-year at the start of June, an improvement from the 17.5 percent shortfall recorded in January—in other words, Zillow explained, the inventory of for-sale homes has improved 5.3 percentage points year-to-date (controlling for seasonality).
Monthly Increase in REOs Drives Up Foreclosure Activity in May

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