More Homes Are on the Market Than a Year Ago, but Rising Mortgage Rates Remain a Hurdle for Many
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Mortgage rates have been rising, but home shoppers have more options with a higher number of listings compared to last year. The increase in inventory is positive for the market, which has been constrained by low supply. However, high mortgage rates remain a challenge for buyers, potentially leading to a return to limited inventory in the housing market.
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