Real Estate News from the KCM Blog
“Lagging Supply” Leads to Slowdown in Sales
The National Association of Realtors (NAR) recently released the results of their Existing Home Sales Report
. Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% from March. NAR’s Chief Economist Lawrence Yun explained the main reason for the slow:
"April's setback is the result of lagging supply relative to demand and the upward pressure it's putting on prices.”
One major news organization actually
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