Home Sales Are Up, Home Supply Is Down — This Is What A Recovering Market Looks Like
Statistics are what you make of them, but sometimes, they can provide good perspective.
For example, from its peak in 2005 to its trough in late-2007, the number of “used” homes sold nationwide plunged.
In 2005: Roughly 7 million homes sold annually
In 2007: Roughly 5 million homes sold...