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Home Glut Blamed on Fewer New Households
October 19th, 2010 | | Posted in Census, Employment, Home Sales Index, Homes Sales | No Comments

There were 357,000 new households created between March 2009 and March 2010, down from about 1.3 million per year between 2002 and 2007, according to U.S. Census Bureau data. With household formation at a 63-year low, the supply of homes on the market is nearing a record high. “When people are afraid of losing their [...]

 
 
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