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Americans who’ve struggled to find an affordable starter home may soon get a break, according to a Realtor.com survey that found that many owners wary of listing during the pandemic are getting ready to do so now.
The real-estate listings website expects about 10% of the nation’s homes to hit the market this year, up from 8% in a typical year. The survey also found that 58% of the houses that owners plan to sell this year are valued below $350,000.
“The fact that we’re seeing such a significant potential in entry level and affordable inventory getting ready to come to market is to me a really encouraging sign,” said George Ratiu, senior economist at Realtor.com.
Soaring demand and a limited number of properties available…