(Bloomberg) — The housing slowdown is helping to solve the US real estate market’s most intractable problem: tight inventory.
Most Read from Bloomberg
With fewer buyers competing, the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017, Realtor.com said in a report Thursday. And new sellers entered the market at an even faster rate than before the pandemic housing rally began.
The Federal Reserve is cooling off the…
Source link
