The inventory of single family homes including condominiums and townhomes which are listed on multiple listing services rose to almost 5% in the top 30 metropolitan areas in the month of February.   Although this was small increase from January, the figure dropped significantly by about 20% from 2009 levels.  Readers should be mindful the exact figure is likely to be considerably more since the numbers of foreclosed homes may only be about half of the true number on the MLS.  Some industry analysts warn housing inventory could in fact be much higher than what is being reported and this big number of unsold homes could be a serious problem for any recovery in the housing market.  Insiders warn there are many more properties teetering on the edge of default or are already in the process of foreclosure but not yet listed for sale as lenders may be holding back placing all their real estate owned on the market to keep prices from tumbling even further.

Related Blogs

• Rap-Up.com || The 6-Figure Price Tag on Kanye West's BET Awards …
• Marcus Lee Gonder February 10, 1981-July 1, 2009 | Monticello Live
• Friday, January 28 – Wednesday, February 9 – Thailand Gardens …
• Google Web Page SEO – Secrets of Listing on Google's First Page …
• What can I do to increase my score as a student who needs student …
• February 2010 Favorites! | My Purse Shoppe
• Doom Summer Reruns Q207: Remembering April to June 2007 | Housing Doom
• The Future Market for Alternative Cars
• Local listing of fireworks sales locations in Rohnert Park …
• At home down-market – Business – Macleans.ca
• Increase The Width Of Your Shoulders With The Efficient Shoulder …
• Arena Strikes Deal with Eisai to Market Obesity Drug in U.S. …
• Mobile Number Portability Should Be Renamed Mobile Number …
• Not Everything's a Bargain at DHCD Auction – Housing Complex …
• M O N T H | U B E R t r i g g e r
• Afternic Launches the “Portfolio Manager” Inventory Management …
• This Is One Awesome Aigis Figure // Siliconera
• Jennifer Hudson on Family Murders
• Canada's Housing Market Could Have Crashed Too (But It Didn't …
• Social Media Recommendations May Increase Online Purchases – PSFK