December 27th, 2007 10:38 AM by Lehel Szucs
In our readings we are seeing more and more news that new home construction is down. We are also seeing more and more about home builders shelving (mothballing) their projects and plans for now.
This is good news as inventory and competition will decrease. Currently the market is saturated with listings and home buyers have their pick of homes. This development will not change the short term outlook, but as builders continue reduce their inventory and delay new construction the situation should improve.
We want to hear what you think so tell us.