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Housing market panic subsides as new listings rise 8.7 percent month-on-month

The Independent·J.R. Duren·about 1 month ago
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The American housing market has thrown a curve ball - in a good way - and experienced a bump in listings this month after fears that economic and geopolitical conditions could slow the market. New listings of homes for sale, which indicate how active the market is, rose 8.7 percent from March to April, and 1.1 per cent year-on-year, according to new data from Realtor.com Thursday. The encouraging sign came after concerns in the real estate industry over how plummeting consumer confidence , rising gas prices and the Trump administration’s Iran war would impact the housing market. “The hope was that sellers would continue coming to market at the strong March pace, and that buyers would keep engaging despite the volatility,” Realtor.com chief economist Danielle Hale said.…

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