About the Author
Michael White is the CEO of The New Mortgage Company. He has seventeen years in real estate as lender, owner, and mortgage originator. He has purchased and sold more than 275 properties for his own account, made hundreds of real estate loans for his portfolio, and originated hundreds of mortgages as a broker.
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November 23rd, 2009 • Related
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Inventory of single-family homes fell 60,000 units in October. They remain oversupplied by 908,000 units when compared to the long-run average.
The total of existing units for sale equals 3.57 million, according to the National Association of Realtors (NAR) in its release today of October data. The long-run average is 2.66 million.
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Michael David White blogs at NewObservations.net.