From the States

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A home for sale

Increases in price, inventory lead to $7B in homes for sale

“What I think has happened, we have very high prices,” said George Kiprios, president of the Vegas Realtors Association. “Our market is doing well, and the home prices are high. Inventory has grown, not a ton, but it has grown. When you combine higher home prices with more inventory, that’s how they got there.”