Here is an interesting post by the guys at Redfin on their regular survey of buyers sentiments about the market, http://blog.redfin.com/blog/2012/08/homebuyer_enthusiasm_slips_growing_sense_that_the_market_has_shifted_toward_sellers.html. This highlights the problems buyers are having today due to the low inventory levels of homes. At this point, it seems more likely that we will see a reduction in buyers, perhaps due to rising interest rates or people just giving up on the market, before we see big increases in inventories.
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