Sellers put more homes on the market in May
Low levels of homes available for sale have put a damper on the housing market in recent years, along with a weak labor market, tight credit and escalating residential prices.
“Further big increases in overall home sales (new and existing) will require a more robust selection of inventories to bring in conventional buyers who have been sitting on the sidelines,” Stephen Stanley, chief economist at Pierpont Securities, wrote in a research note.
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http://www.housingwire.com/articles/30410-sellers-put-more-homes-on-the-market-in-may – Brad Swanson – 6-23-2014