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Housing inventories continue rebound with July gains

Data: National Association of Realtors, FactSet; Chart: Axios Visuals

The number of homes available for sale is rising, which is good news for prospective buyers who have been getting priced out of the market.

Why it matters: Home prices finally started to pull back in July as inventories rose. Prices had been surging over the last year as low mortgage rates and the sudden desire for more space caused housing demand to outstrip new supply.

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