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Median existing single-family home prices rose Y/Y in 133 of 152 tracked metro areas, according...

Median existing single-family home prices rose Y/Y in 133 of 152 tracked metro areas, according to the NAR, up from 120 in Q3 and just 29 a year ago. The national median sales price of $178.9K is up 10% Y/Y. Inventories shrunk to 1.82M homes at year's end, down 21.6% Y/Y - it's the lowest level of inventory since January 2001. XHB +7% YTD.
Comments (3)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Thanks to supply "management" and cheap Fed money bidding up prices. "Home sales are being fueled by a pent-up demand" : no, by restricted supply and throttled asset demand by cheap money.
    11 Feb 2013, 04:37 PM Reply Like
  • thechaser
    , contributor
    Comments (474) | Send Message
     
    you bet; managed BS to prevent reality from cleaning BA's clock;
    11 Feb 2013, 07:20 PM Reply Like
  • june1234
    , contributor
    Comments (2550) | Send Message
     
    Shiller the other 1/2 of Case-Shiller index said today stocks were a better investment than a home in this housing recovery
    11 Feb 2013, 07:28 PM Reply Like
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