- New ETFs
- Bond ETFs
- Currency ETFs
- Emerging Market ETFs
- Commodity ETFs
- Broad U.S. Equity ETFs
- Sector ETFs
- Specialty ETFs
Number Of Homes For Sale Increased By 2.9% In January
Recent Articles by N.J. Beachum
- Health-Care Reform Bill To Cost $940 Billion; Critical Vote Likely On Sunday
- Look To Semiconductor Stock In 2010 (AAPL, AMD, DELL, HPQ, INTC, NOK, QCOM, TXN)
- State Department Issues Yet Another Travel Advisory For Mexico
- Huge News for GM in 2010--Profit and Selling Public Shares?
- Blockbuster Shares Drastically Decline--Run from this Stock!
General
- Video: Setting Up To Profit. (NYSE:KBH), (NYSE:BBY), (NASDAQ:ORCL), (NASDAQ:ADBE), (NYSE:SPY)
- DiNapoli Levels - GBP.USD - 03.21.10 GMT
- Court Asks Fed To Disclose Records Of $2 Trillion U.S. Loan Program Launched After Lehman Collapse (OPY)
- Potential Reversals 3/19/10
- Coal Prices Ready To Burn Hot In 2010?
Personal Finance
- Dow Records Gains For Eight Consecutive Days While S&P 500 Falls (BA, FDX, UPS, NKE, NBR, HP, GME, INTC, PALM)
- Marc Faber Believes US Treasury Yields May Rise Sharply
- PPI Falls
- Using Financial Ratios – An Investor’s Most Important Tool
- Virginia Cracks Down on Speeders, Budget Deficit
Life
- New York Attorney General Investigating “Manipulation” Of Government Workers’ Salaries
- CBO Says Healthcare Bill Will Cut Deficit by 138 Billion in 10 Yrs.
- Health-Care Reform Bill To Cost $940 Billion; Critical Vote Likely On Sunday
- Obama Supports Tiger Woods
- Sports Team Ownership No Longer A Guaranteed Moneymaker
Posted on 02/04/10 at 2:59pm by N.J. Beachum
In a report issued today, ZipRealty announced that the number of "For Sale" homes listed nationwide increased by 2.9%, or 15,000 homes.
The January Housing Inventory Index also stated that year-over-year listings remain relatively low, down 22.3 percent for the last 12 months. Markets across the country, though, saw increasing inventories, signs that there is a larger supply of homes than demand in the market. This indicates that even with the first-time homebuyer's tax credit extension to April, 2010, inventories are still higher than desired.
As we saw in November, though, I expect sales will increase in March as people rush to take advantage of the $8,000 tax credit. Expect housing sales and housing stocks to drop in April.
Bookmark/Search this post with:
Related Articles
Today's Trading Ideas
There are 1 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.
Lets see what the numbers
by Eddie Katz on 02/11/10 8:48pm
Lets see what the numbers look like Year over Year for February or March because weather has been brutal and is having an impact. I know that our site, http://www.gohoming.com has seen the same type of trends with REO Properties for sale but weather is playing a big role.
Post new comment
Receive Benzinga's Best 2010 Stock Idea!
