Real Estate

US Housing Supply in August Drops Most in 2 Years as Rate Decline Continues

Existing-home sales for 2025 are expected to be similar to 2024 levels, which was the ‘worst year for sales since 1995,’ an economist said.
US Housing Supply in August Drops Most in 2 Years as Rate Decline Continues
Homes for sale sign in Maryland on Nov. 12, 2023. Madalina Vasiliu/The Epoch Times
Naveen Athrappully
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The housing supply in the United States fell by 1.4 percent in August from the previous month, the biggest seasonally-adjusted dip since June 2023, real estate brokerage Redfin said in a Sept. 22 statement.

In addition, new home listings fell 1.1 percent month-over-month, hitting the lowest level since January last year on a seasonally-adjusted basis, it said.

Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.