Tight housing inventory has been an issue in the early 2014 market but realtor.com®’s latest National Housing Trend Report found that U.S. inventory rose more than 14 percent nationwide in April, NAR reports. Inventory levels varied, however, in different markets. Read the full National Housing Trend Report for regional details.
Nationally, the “number of single-family homes for sale and their prices continue to rise, revealing a healthier real estate marketplace than a year ago and strong seller confidence,” according to realtor.com.
In other headlines:
As home prices rise, short sales fall – Crain’s Chicago Business
Mortgage rates fall for fifth straight week – Chicago Tribune