ACTIVE (for sale) listings are down, SOLDS are up - that spells a correction in inventory level and a fairer supply vs. demand market. Most telling is this chart that shows our extreme buyers market in 2007 with 13 months of inventory on hand: AKA lots of homes to choose from. According to this chart...

The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home sales straddled the 4.5 million mark. The national housing inventory...