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The number of US homes for sale is slowly returning to normal: An ‘incredible trend,’ economists say

Posted on AllSides June 5th, 2024
From The Right
Andy Dean –

Homebuyers willing to brave today’s high mortgage rates might at least be delighted to find that they have plenty of homes to consider.

In the latest monthly housing report from®, the overall number of homes for sale in May marks seven months of growth.

“The biggest eye-catcher for me is the fact that inventory is rising sharply,” says senior economist Ralph McLaughlin. “There are 35.2% more homes on the market than this time last year, an incredible trend in the direction of normality.”

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