way too much housing inventory

az1971 | Jan 15, 2013 02:33 PM ET @GenerationX | Jan 15, 2013 01:43 PM ET There was a time when we could trust newsmen (Walter Cronkite) but sadly those days have past. ------------------------------------------- So true. Now it`s about sensationalist opining instead of reporting, all in the name of ratings and one-up-man-ship. If you believe the government`s reporting of the unemployment rate, things should be looking up in the job market. But since they conveniently ignore the labor force participation rate, they`d much rather call unemployment 7.8% instead of 10.4%. Lower = better for lying to the American public.

beachbum40 | Jan 15, 2013 02:37 PM ET All BS - way too much inventory. No reason to pay seller`s price. Let the seller sit on his house.

IL_Smartone | Jan 15, 2013 03:46 PM ET Housing in Illinois has a long way before recovery. I sold my home last yr for $250K. It was 3200 sq ft finished. I then bought a home outright for $175K out of town in better school district. My taxes are still right at $5000 per year and they were $6600 per year. Taxes here are outrageous. I know a homeowner that built during housing boom at $812K, now home is worth $650K at most. Taxes are $21K every year on it too. Right now many homes selling in under $200K range, but few in the new market above $300K. Home has to show perfectly to sell and be priced right or seller is wasting their time. I am not near Chicago but in central IL. Job market is so..so.. with people that have college degrees obviously getting better jobs. Biggest down fall is%2

theendisnear | Jan 15, 2013 07:42 PM ET It`s ok if you have 20 people living in a two bedroom house... Just hope you have two bathrooms.

Bulletman357 | Jan 15, 2013 11:44 PM ET Housing is still over priced

Bulletman357 | Jan 15, 2013 11:46 PM ET I blip in the down ward spiral in home suckership






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way too much housing inventory

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