A notable uptick in housing inventory nationwide may be pulling the real estate market out of a long winter hibernation. Total existing-home sales, which account for completed transactions for single-family homes, townhomes, condos and co-ops, rose 4.2% month over month in February. “Home buyers are slowly entering the market,” even as mortgage rates and home prices appear frozen at elevated levels, says NAR Chief Economist Lawrence Yun. “More inventory and choices are releasing pent-up housing demand.”
Full article here: Greater Inventory Brings Home Buyers Back to the Real Estate Market
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