According to recent data, the number of homes for sale in the U.S. increased approximately 2.4% from February to March. Inventory is down around 15% from this time last year causing home prices to rise. However, spring season is here and is expected to help fuel home inventory throughout the season. During the month of February, home supply stood at 4.7 months, meaning those homes would all sell in that time if no new supply was added, according to the National Association of Realtors. Steve Berkowitz, the CEO of Move, which operates Realtor.com, says “the newest data shows that the outlook is optimistic for the overall real estate recovery.” More here
