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Chart of the Week: Housing Inventory

Posted By Barry Ritholtz On August 8, 2005 @ 10:42 am In Investing,Markets,Real Estate | Comments Disabled

The NYT reported yesterday [1] that "the number of homes
for sale on Long Island and in Queens in June was 22 percent higher this year
compared with the same time last year, signaling, some say, that prices have
been raised too high for many buyers.”

Housing Inventory Increases (NY/Long Island)
Housing_inventory [2]

Chart courtesy of NYT [3]

“The numbers come from the Multiple Listing Service of Long
Island, a network of about 2,300 real estate offices in Long Island and
Queens.” They also report “median home sale prices are still rising in Nassau
and Suffolk, but at a slower rate."

>

Random Items:

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Homeowners: Upside-down is no way to be [8] 

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Quote of the Day:

"Stock prices tend to discount that
what has been unanimously reported by the mass media." 
~Louis Ehrenkrantz


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/08/chart-of-the-week-housing-inventory/

URLs in this post:

[1] reported yesterday: http://bigpicture.typepad.com/comments/2005/08/inventory_of_ho.html

[2] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/housing_inventory.jpg

[3] NYT: http://www.nytimes.com/2005/08/07/realestate/07lizo.html

[4] Bear Market Rally : http://www.forbes.com/forbes/2005/0815/104.html

[5] Spendthrift nation: http://csmonitor.com/2005/0803/p01s02-usec.html?s=itm

[6] Drug researchers leak secrets to Wall St: http://seattletimes.nwsource.com/html/businesstechnology/drugsecrets1.html

[7]  : http://news.com.com/It%27s+a+bull+market+for+stock+spam/21007349_3-5818416.html?tag=fd_nbs_ent&tag=nl.e433

[8] Homeowners: Upside-down is no way to be: http://money.cnn.com/2005/08/04/real_estate/buying_selling/home_equity_falling/index.htm

[9] Al-Qaida is now an idea, not an organization: http://www.guardian.co.uk/alqaida/story/0,12469,1542898,00.html

[10]  : http://www.usatoday.com/money/workplace/2005-08-04-sex-usat_x.htm

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