From THE WALL STREET JOURNAL - Nick Timiraos:
Inventories of homes listed for sale in January dropped by 6.6% from December to 1.77 million, the eighth straight month that listings have declined. For-sale listings are 23.2% below year-earlier levels and at the lowest point since the housing bust accelerated five years ago, according to data from Realtor.com.
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About David Mayes
David Mayes has been an active realtor in Southern California for the last 17 years. Living in Mission Viejo has allowed him to become an area specialist for South Orange County real estate, helping buyers and sellers maximize their investment values. With a Master's Degree in Business Administration, David brings a rare combination of investment savvy and seasoned experience to every transaction. He writes regularly on OCRealEstateWatch.com and can be reached at
david@ocrealestatehq.com or by phone at 949-632-8115.
