Real estate's June report card

Guest perspective: Housing, economy far from recovery

In the markets that matter, listings are now running relatively flat year-over-year. Each month, we painstakingly compile listings in the major markets of the country. As shown in the green and dotted line in the chart below, listings are now approximately the same as they were one year ago. They tend to be declining in the worst markets in the country (like Florida and California, where they are declining from very high levels) and rising in the recently distressed areas such as Texas and the Carolinas.