Detailed text transcripts for TV channel - MSNBC - 20120421:11:26:00
Stability of the market. what's most interesting when drilling down on the numbers is that inventory is shrinking, particularly the south and the west. it is spring, so normally you would expect it to be up. year over year it is down 22%. drill down a little further and you notice a third of the market is dis dressed homes, short sales in foreclosures. as the banks revisit the way they are handling foreclosures, that sector is drying up. now, you would think, okay, smaller supply means higher demand and higher prices, not yet, alex. the prices are only up 2.5% year over year making the average...
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