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NAR report: Home sales, inventory post gains in April (access required)

For the first time this year, national existing home sales posted an increase in April, a new report issued by the National Association of Realtors shows. More significantly, inventory of single-family homes, town homes, condominiums and co-ops jumped 16.8 percent for the same period, reaching a 5.9-month supply. The housing market is considered in equilibrium when ...

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