Housing ‘Party Is Over’: Supply Increases For The First Time Since 2019 As Mortgage Rates Rise And Sellers Cut Prices

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After a pandemic-era home-buying frenzy, the number of homes for sale nationwide saw its first annual increase since July 2019 last month, according to real estate brokerage Redfin, which joins a growing chorus of experts predicting the housing market will continue to cool so long as interest rates keep rising—potentially helping prices fall as soon as this year.

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