Wall Street

Rising Home Inventories: A Sign of Strength or Weakness?

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The Street

By Dan Weil Active home listings jumped 29% year over year in the week ended July 16, about matching the prior two gains. One of the housing market’s biggest problems over the past 18 months has been a shortage of supply. That problem appears to be easing a bit. Active home listings surged 29% year over year in the week ended July 16. That about matches the numbers from the prior two weeks, according to Realtor.com. To be sure, new listings dipped 3% year over year in the latest week, following a 6% drop in the week ended July 16. So inventory appears to be growing due to sluggish sales, not t…

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