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The Ticker

Tapering housing inventory continues to push home prices

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"Rising purchases of homes from cash buyers and investors reduced the monthly supply of existing homes on the market to 4.8 months in November from 6.4 months in January of 2012. Careful management of foreclosed properties by Fannie MaeFreddie Mac and the large banks contributed to the improved supply picture in the housing market," economist Joseph Brusuelas wrote.

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