March 22. 2012 9:00AM - Last modified: March 22. 2012 9:01AM

Commentary: Housing is still ‘shadowed’ by supply

  
Home demand took a step forward in February. But oversupply remains a problem, says Kathleen Madigan of Dow Jones Newswires.

The market still faces a shadow inventory of millions of homes whose owners will put them on the market once conditions look more stable, she writes.

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