Marketplace®
Every story is an economic story

Too few houses on the market help force prices up

The higher prices are an obstacle to people hoping to move up, keeping them from putting their houses up for sale.

Too few houses on the market help force prices up
PETER PARKS/AFP/Getty Images

Sales of existing homes are near levels last seen in 2007, before the financial crisis and recession. But that doesn’t mean the housing market is going gangbusters.

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