Home buyers in the U.S. are finally getting a break as more listings are coming to the market for the first time in more than a year, according to a report Thursday from Redfin.
That spells good news for would-be buyers, who have been facing an ongoing dearth of inventory—total supply is still 12% below this time last year—which in turn has kept prices aloft. As evidenced by the uptick in new listings though, some are now bringing their homes to the market after accepting that rates are unlikely to decline in a meaningful way anytime soon, Redfin said.
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