Calculated Risk: housing inventory is down 22 percent

The media tells us that there is a glut of housing on the market.  We hear regular alarm bells about “overhang” and foreclosures sending housing prices down further.  But do the alarms match reality?

According to a report in Calculated Risk (Dude, Where’s my inventory?), the inventory of housing is down 22 percent from the same time last year.  Read the entire report at Calculated Risk by clicking here.