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NAR Puts Housing Inventory at 44-Month Low

By AUSTIN KILGORE

While existing-home sales were up 7.4% amid a surge of last-minute first-time homebuyers looking to close on purchases before the original expiration of the $8,000 tax credit, the national housing inventory hit a nearly four year low, according to the National Association of Realtors (NAR). The seasonally adjusted annual rate of existing home sales, including single-family, [...]

Full post as published by Housing Wire on December 22, 2009 (boomark / email).