Comments for Home Sales Improve in January But Drag on Market Remains at http://www.cepr.net , comment 1 to 1 out of 1 comments http://www.cepr.net Wed, 19 Jun 2013 03:11:18 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/cepr-blog/home-sales-improve-in-january-but-drag-on-market-remains#comment-15086 In terms of the declines that we’re seeing in inventories, much of the progress is related to homeowners pulling their homes off the market rather than an increase in sales activity. We’re not seeing strong increases in net listings in the NAR data. This pretty much makes sense, considering that home price depreciation has intensified, so I wouldn’t put much weight into the recent inventory declines. Of course, what’s even more important is the non-visible inventory, which is still large at around 1.56 million units. In the coming years, this non-visible inventory will slowly dribble onto the market, which will keep the recovery modest for the foreseeable future. - JSeydl Tue, 28 Feb 2012 07:15:16 +0100