The housing shortage may be turning, warning of a price bubble [CNBC]
CORELOGIC (CLGX)
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Source: CNBC
Getty Images Real estate agents arrive at a brokers tour showing a house for sale with a list price of $1.3 million May 17, 2007 in San Rafael, California. The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in the second quarter of 2018, the all-important spring market, rose at three times the rate of the same period in 2017, according to Trulia, a real estate listing and research company. The inventory jump was the largest quarterly improvement in three years and could be signaling a slight thaw in today’s very hot housing market. But it is just a start. “This seasonal inventory jump wasn’t enough to offset the historical year-over-year downward trend that has continued over 14 consecutive quarters,” according to Alexandra Lee, a housing data analyst for Trulia's economics research team. The supply of homes for sal
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