Wednesday, April 27, 2011

Summary Box: Supply of homes shrink as prices fall (AP)

AP - SUPPLY SHRINKING: Declining home prices have helped reduce the glut of foreclosures in the nation's hardest hit housing markets. The combined supply of homes in Miami, Tampa, Las Vegas, Phoenix and Detroit has shrunk by 13 percent over the past year. Economists say that's key first step for any housing recovery.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20110426/ap_on_bi_ge/us_home_prices_summary_box

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