Barclays Capital: - We continue to see conditions in the existing home market as putting downward pressure on inventories and as supportive of agradual cleansing of shadow inventory. Our view is that housing is in a recovery phase, but one that will be restrained by the availability of credit, pace of improvement in labor market conditions, and overhang from distressed and foreclosed properties.

Source: Barclays Capital

To subscribe or visit go to:  http://www.riskcenter.com