Mortgage news

News, trends and analysis of the mortgage and credit market

Sunday, August 12, 2007

More homes are on the market with more discounts for buyers.

August 10 2007
The number of homes for sale around the nation jumped over the past year, according to figures from ZipRealty, a California-based real estate broker. Zip monitors 18 metro-area markets from all four regions of the country. For the 12 months ended July 31, only Boston and San Diego showed drops. Boston's inventory fell 5.8 percent and San Diego's dropped 2.1 percent. The average for the 18 cities was a 19 percent increase in homes on the market, a total of 810,566.

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