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May 17, 2024

More homes for sale, but rising mortgage rates remain a hurdle

By ALEX VEIGA
AP Business Writer

LOS ANGELES — Mortgage rates have been mostly ticking higher lately, but it’s not all bad news for home shoppers.

Homebuyers have a wider selection of homes to choose from now than they had at this time last year, a trend that could help lead to more sales in a market still constrained by a thin inventory of properties.


 
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