Inventories of homes for sale nationwide increased 4 percent in April, but remain 13.5 percent lower than last year’s inventory levels, according to realtor.com®’s latest report.
Listings have dropped over the past two years as banks have slowed down foreclosures, investors have converted homes into the rental market, and would-be sellers have held out for higher prices. Demand has jumped as low mortgage rates have made housing extremely affordable. Read more ....
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