Lack of Listings Inventory Keeps U.S. Home Prices Propped Up
According to national property broker Redfin, new listings of homes for sale fell 22.4% nationwide from a year earlier during the four weeks ending April 23, 2023, one of the biggest declines since the start of the pandemic. Homeowners are staying put because they want to hang onto their low mortgage rates–this week’s average 30-year…