Why There Are No Houses to Buy in Many U.S. Metro Areas

Econ & Housing

Mortgage rates are rising, and the housing market appears to be softening nationwide. But in many U.S. markets, would-be buyers are facing a big problem: there’s just nothing to buy. Housing inventory—the number of homes on the market—has been falling since the rebound from the Great Recession as investors snapped up homes and as more…

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