Morning Minute: Nation’s housing inventory continues to drop

Available housing inventory, already at an 11-year low by the end of 2012, fell even more in January, the Wall Street Journal reports. “There were just 1.48 million homes listed for sale at the end of January, down by 5.6% from December and by 16.5% from one year ago,” according to the article citing REALTOR.com data.

Other news headlines:

Washington sizes up the home interest tax deductionThe Daily Herald

Regulators Open to Lending-Rule ChangesWall Street Journal

U.S. rate on 30-year mortgage steady at 3.53 pct.Chicago Sun-Times

Leave a Reply

Your email address will not be published. Required fields are marked *