The Wall Street Journal reported that 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 data compiled by Realtor.com. That’s the lowest level since the firm began its count in 2007. The National Association of Realtors separately reported last month that inventory ended 2012 at an 11-year low.
Housing inventory continues to shrink
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Opinion: Reformed FHA program will offer lenders new business opportunities
Demand for home-only financing of manufactured homes is strong, and changes from the FHA and Ginnie Mae could help open an untapped market for lenders, write housing policy experts Jim Gray and Rachel Siegel.