30 May America’s housing supply is growing at its fastest rate since 2017
There finally seems to be a ray of light on the horizon for those itching to buy a home.
Between May 15 to May 21, the number of homes on the market was 9% higher than the same time period a year ago — the fastest year-over-year rate since 2017, Realtor.com’s weekly housing data report shows.
The spike in inventory is likely the result of fewer homebuyers in the market than there have been over the past two years. In April new home sales hit a pandemic-era low, according to the US Census Bureau.
Published by Kelsey Neubauer in Business Insider.