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Published on Tuesday, March 28, 2017 | Updated on Wednesday, March 29, 2017

U.S. | What’s behind the low supply of existing homes for sale?

The inventory of existing homes for sale has declined y-o-y for 21 consecutive months. Locked low mortgage interest rates and short supply of new housing have contributed to the current situation. The high share of homeowners underwater does not seem to currently play a major role. Low unsold inventory is expected to persist, underscoring the need for new housing units

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