The Real Estate Pulse

The total number of homes for sale was down in some warm cities located in the Southwest and recent data is now showing that the number of unsold houses is no longer growing at a break-neck pace…

Cities such as Los Angeles, Las Vegas, Phoenix and Sacramento actually had fewer homes for sale available in April then they did in March so certain parts of the country may be starting to show signs of bottoming out and hopefully beginning to rebound soon.

Prices on homes continue to go down and the prices on some foreclosed homes are starting to attract buyers it seems.

The trend for most large, metropolitan areas however is the opposite unfortunately as cities such as Washigton, D.C., Seattle, Chicago, Boston and San Francisco had a larger inventory of homes for sale in April then they did in March.

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