Journal Article
Why are housing inventories low?
Abstract: Inventories of homes for sale have been slow to bounce back since the 2007?09 recession, despite steady house price appreciation since January 2012. One probable reason why many homeowners are not putting their homes on the market is that their properties may still be worth less than the value of their mortgages, which would leave them owing additional money after a sale. In other cases, homeowners may simply be hoping that house prices will continue to rise, allowing them to recover lost equity.
Keywords: Housing;
Access Documents
File(s): File format is application/pdf http://www.frbsf.org/economic-research/publications/economic-letter/2013/october/low-housing-inventory-factors/
Authors
Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2013
Order Number: 31