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Robert Hughes
Existing-Home Sales Flattening, Restrained by Low Inventory
Existing-home sales rose a modest 1.1 percent in May, held back by a tight supply of available existing homes for sale. Compared to a year ago, existing-home sales were up 2.7 percent. The inventory of homes for sale rose 2.1 percent to 1.96 million, pushing the months’ supply (the total inventory divided by the current […]
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