The lack of inventory of moderately priced homes is having a ripple effect across the region.
Square Books is known for its strong selection of literary fiction, books on the American South and by Southern writers, a large inventory of reduced-price remainders, and its emphasis on books for children.
Another interesting stat from Hepp is inventory of homes priced above $3 million increased by 93, with most of that additional inventory in the West San Fernando Valley, Beverly Hills and West Los Angeles.
"We've got a good inventory of homes, and prices have definitely become more reasonable," she added.
Point-of-sale terminals track the unit inventory and prices of most existing consumer products.
Excess inventory, the mortal enemy of prices, now amounts to 1.8 million homes, which is a huge number relative to the net demand (new families minus departures to death and nursing homes), which is only 1.5 million a year.
In both Essex and Hudson Counties, the unsold inventory of the lowest-price homes was actually greater than the rest of the inventory.
You still have huge excess inventories, and excess inventories are the mortal enemy of prices.
"The bad news is that there is still a lot of inventory and prices are flat".
Other country-to-country differences include the valuation of marketable securities and inventory; the use of price-level adjustments, foreign currency translations, consolidations, and accounting rules concerning deferred taxes, leases, depreciation, and research and development costs; and goodwill.
