The financial analysis website Department of Numbers shows that the number of existing homes for sale is up 17.7 percent so far this year, about triple the percentage growth from the beginning of the year in 2011 and 2012 at the same period, according to the finance and economics blog Calculated Risk.
The quick rise in inventory of existing homes, which represent about 90 percent of homes on the market, leads Bill McBride, who runs the Calculated Risk blog, to say that an inventory bottom is near. In April, he thought the bottom would happen sometime in 2014.
Source: Calculated Risk
