Jul

U.S. Home Resales Ease as Lean Inventory Drives Prices Higher

A limited number of properties listed for sale remains the biggest hurdle for the market. Lean inventory is pushing up asking prices at a faster pace than worker pay. While job growth is steady and mortgage rates remain attractive, higher prices are making entry difficult for those looking to make their first purchase.

The data are in line with contract signings for U.S. previously owned houses, which unexpectedly fell in May for a third straight month…

Categories : Real Estate

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U.S. Home Resales Ease as Lean Inventory Drives Prices Higher

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