A Look Into What’s Causing the Lack of Housing Inventory

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A Look Into What’s Causing the Lack of Housing Inventory

After exceeding the 7% threshold in August, mortgage rates are at their highest point in two decades, and that affordability obstacle is leading to what economists are calling an “inventory crunch.” The total number of U.S. homes for sale fell 7.9% year-over-year in August, as a growing share of would-be sellers decided to stay in
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