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Tight supply keeps U.S. home prices grinding up in April

Tight supply keeps U.S. home prices grinding up in April

The National Association of Realtors reported last week that the inventory of existing homes available for sale rose in May by 2.1 percent to 1.96 million from the previous month. Still, that was 8.4 percent below last year's level, and inventory has declined for consecutive 24 months on a year-over-year basis.

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