Pursuits
For-Sale Homes Decline in a Sign of U.S. Housing Bottom
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The number of homes for sale dropped in the U.S. last month, led by shrinking inventories in California from San Francisco to San Diego, as buyers returned to one of the country’s worst-hit housing markets.
There were 1.88 million single-family houses, condos, townhomes and co-ops on the market nationwide in June, down 19 percent from a year earlier, according to the National Association of Realtors’ website. Seven of the 10 metropolitan areas with the biggest inventory reductions were in California, Realtor.com said in a study released today.