Sentences with phrase «excess inventory of homes for sale»
The homeownership rate has already fallen from 69 percent in 2004 to below 67 percent in 2010, and «the farther the homeownership rate falls, the longer it will take to work through the excess inventory of homes for sale and held off market,» the report concluded.
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Moreover, in buyer's markets, due to the extraordinary amount of excess inventory, it is virtually impossible to look at every home for sale.