National housing market indicators as of August showed housing market activity improving overall. The pandemic has seen one of the tightest housing markets in a long time. Now, after hitting a 40-year low, the housing market is slowly seeing an increase in inventory.
Home prices in the U.S. have climbed at a record pace during the pandemic, with many homes selling above their asking price. The trend continued in August. However, the buyer demand still outpaces the supply; but the growing inventory is giving home shoppers a little breathing room.
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