US Housing Market Warms Up: July Sales Rise, Inventory Jumps Amid Easing ‘Lock-In’ Effect
US Housing Market Warms Up: July Sales Rise, Inventory Jumps Amid Easing ‘Lock-In’ Effect The U.S. housing market is showing encouraging signs of a thaw, with new figures from the National Association of Realtors (NAR) revealing a 2% rise in existing home sales for July. This modest increase, though still below pre-pandemic levels, is coupled with a significant boost in available homes, marking the highest inventory since the 2020 lockdown period. In July, 1.55 million units were for sale nationwide,…