Housing slump growing?

I spent the holidays in FL with family this year and was amazed at how many homes are in the market down there, with nothing really moving off the market.  Good news might be around the corner around the country however, with the news recently that home sales might be stabilizing rather than declining.  Check out this article for the full report … The article discusses the absorption rate of existing home sales throughout the country – the absorption rate has to do with the number of homes on the market divided by the average number sold per month, which tells us how long the market would last with no added inventory.  It’s a good reflection of whether it’s a buyers or sellers market (Buyers market – duh!) right now.  Enjoy!

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