(Source: The Wall Street Journal)

The number of homes listed for sale fell in many U.S. cities in October as buyers sought to qualify for a federal tax credit.

The supply of homes available for sale in 27 major metropolitan areas at the end of October was down 2.8% from a month earlier, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in Emeryville, Calif. ZipRealty data cover all single-family homes, condos and town houses listed on local multiple-listing services in metro areas where the firm operates.

Read the full article by James R. Hagerty, “Housing Inventory Declines” in the Wall Street Journal (Nov 5, 2009).

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