The decline in inventory helped boost home prices in 2012 and has in large part factored into analysts' upward revision to home price forecasts for this year. But declining affordable housing inventory is said to have been behind the huge decline in December's pending home sales index. In a press release, Lawrence Yun chief economist at National Association of Realtors said "supplies of homes costing less than $100,000 are tight in much of the co ...
http://www.businessinsider.com/inventory-causes-fall-in-pending-home-s
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