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WSJ: Sharp Drop in Houses for Sale, Usually a Plus for Market, May Reflect Foreclosure Logjam Rather Than More Demand

Where Housing Is Headed – While inventory of unsold homes has declined, in some cases substantially, from their year-earlier levels, housing markets are still weighed down by high levels of foreclosures and a stubbornly high unemployment rate. Home buyers in some parts of the U.S. say they’re frustrated by the lack of attractive inventory that is quickly bid up by investors.”

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