Home Sellers Return as Buyers Remain Wary Despite Rising Inventory
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Sellers are returning to the market, with new listings up 4% last month and 15% for the year, per Redfin data.
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Sellers are more accepting of high interest rates compared to last year.
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Buyers remain cautious due to still-high mortgage rates and prices.
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February home sales rose just 0.5% annually as prices jumped 7% to $413,000.
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Home inventory remains low compared to pre-pandemic levels, but new listings signal a recovering housing supply.