Home Inventory Soars at Record Rate With US Buyers Pulling Back

Bloomberg, Aug. 10, 2022–Natalie Wong, Prashant Gopal
The supply of homes for sale across the US grew at a record rate last month, another sign that higher mortgage costs are cooling down the housing market. The number of active listings nationwide jumped 31% from a year earlier, a record-high increase for a third straight month, according to a report Tuesday.
https://www.bloomberg.com/news/articles/2022-08-09/home-listings-soar-in-cooling-us-housing-market#xj4y7vzkg