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Impacts of Changing Credit Markets on Housing Inventory
The credit markets significantly changed after 2010 leading to a notable increase in housing inventory. In March 2022, there were only 240,000 single-family homes, which has now increased to 570,000. This 36% increase year over year indicates a shift in the market, although it is considered a small step. The NARs data shows about 1.21 million, highlighting a positive trend in the housing market that could lead to greater market stability.