With these graphs, it is easy to see that the inventory of existing homes for sale, the shadow inventory and new homes for sale are all trending down. Combine this information with the significant shortfall of new housing starts and you have the start of a sellers market. AND, the reversal of housing prices. AND, the reality that interest rates will have to increase. It is possible that this could flat line due to high gas prices, escalation of middle east conflicts and continued government policies. 2012 will be the tipping point for many.
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