The One Gigantic Problem For The Housing Market

Too many damn homes.

As this chart from Calculated Risk — based on today’s latest existing home sales number — makes clear, the number of houses on the market (as measured by months to work through them) is totally going in the wrong direction.

Housing

[credit provider=”Calculated Risk” url=”http://feedproxy.google.com/~r/CalculatedRisk/~3/VdXkqLpH8GY/april-existing-home-sales-505-million.html”]