Housing inventory is falling and surging in different parts of the US as higher rates distort the market.
• A Realtor.com report found that home supply fell in 21 of the 50 largest metropolitan cities in May.
• But housing activity has kicked up in the South as increased affordability draws both buyers and sellers.
Mortgage rates at 20-year highs have split the US housing…
This story from markets.businessinsider.com was posted on 2023-06-04 by @ivyvine.