In another sign of a housing recovery, the National Association of Realtors reported today that "U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years." The chart above shows the "months supply of homes" at the current sales rate, which fell to 6.1 months in January, the lowest level since April of 2006. With the inventory of homes for sale falling back to historically normal levels, it's another sign that the real estate market is stabilizing, and it's only a matter for time before we see home prices trending upward.
updated Feb 22, 2012
Sign up to get our newsletter with money saving tips, deals and coupons - no spam.
discounts & deals from all banks in one app?
At GET.com we compare credit cards and rate them objectively based on the credit card's features, interest rates and fees.
Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.