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Why so Few Houses for Sale? Lots of Reasons.

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Young couple working on laptop and smiling while sitting relaxed on bench at summer parkWhy so Few Houses for Sale? Lots of Reasons.

BY HOWARD GOLDTHWAITE | 12/09/2013

Inventories of homes for sale have been slow to bounce back since the 2007-09 recession, despite steady price appreciation since January 2012. Normally, higher prices reflect robust sales. But lately, prices have been rising even though sales remain stuck at relatively low levels, largely due to a lack of inventory. So why are there so few homes for sale? Two Fed economists examine the many factors affecting today’s inventory levels.
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