Morning Minute: Nation’s housing inventory continues to drop

Available housing inventory, already at an 11-year low by the end of 2012, fell even more in January, the Wall Street Journal reports. “There were just 1.48 million homes listed for sale at the end of January, down by 5.6% from December and by 16.5% from one year ago,” according to the article citing REALTOR.com data.

Other news headlines:

Washington sizes up the home interest tax deductionThe Daily Herald

Regulators Open to Lending-Rule ChangesWall Street Journal

U.S. rate on 30-year mortgage steady at 3.53 pct.Chicago Sun-Times

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.