Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

Home Supply Experiences First Annual Increase Since 2019, Reports Redfin

The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from Redfin. Supply has built up as the combination of 5.5%-plus mortgage rates, high home prices and a faltering economy push more buyers to the sidelines, thereby creating a more balanced market. Home sales fell nearly 16% from a year ago, the largest decline since May 2020. The shift has also



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