Shrinking Inventory May Raise Prices Again:

In November and December, Home Prices Rose By 6 %

For the first time in 16 months, the total inventory of homes 
available for sale dropped last month, according to the National Association of REALTORS®. While the decline was slight – less than 1 percent month-over-month – the drop does represent “a reversal to the general growth of listings that had been occurring throughout 2014,” writes Lawrence Yun, NAR’s chief economist, at the Economists’ Outlook blog. “More inventories are needed, not less. Or else, home prices could re-accelerate,” read more.