/PRNewswire/ The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row,.
The housing inventory recovery continued to accelerate in July, as active listings increased at a record annual pace for the third straight month, according to a new report. Realtor.com today released its Monthly Housing Trends Report, noting that while buyers had nearly a third more for-sale home options in July than they had a year earlier, competition remained largely in favor of sellers, with listing prices near all-time highs and homes selling faster than before the COVID-19 pandemic.
If the U.S. economy is in a recession, someone forgot to tell the jobs market. According to the latest report from the U.S. Bureau of Labor Statistics, the U.S. added a staggering 528,000 jobs in July. That’s more than double economists’ estimates and nearly 15% above the average monthly gain of 461,000 through the first half of the year.