According to data released by realtor.com, the number of homes for sale in the US rose by 10% in July. August’s Data indicates a continued increase in inventory. Contributing to the boost in inventory are newly listed smaller homes.
Percentage price reductions are increasing, possibly a result of competition picking up.
Source: Sabrina Speianu, Danielle Hale, https://www.realtor.com/research/data/
Pending home sales decrease the second month in a row.
Source: Evan Sully, Reuters
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