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The 5.9 months supply of homes for sales is the lowest since May 2006.
The lack of homes for sale is causing homes prices to rise.
The banks will benefit has they start to release homes for sale to the market and companies like Radian will benefit by paying lower claims.
MGIC's and Radian's older more stubborn delinquency will get resolved too after the banks are satisfied with the higher prices.
Tomorrow morning will be interesting when 'Existing Home Sales Report' is released by NAR.
Sentiment: Strong Buy