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Published: Jun 29, 2023 3 min read
Residential area in Oakland CA
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It’s a tough time to buy a house — and buyers in certain cities have it worse than others.

New data from real estate brokerage Redfin shows that across the United States, 27% fewer new homes hit the market in June compared to a year earlier. That’s the largest annual drop since May 2020, and it’s a major reason the total inventory of homes for sale has fallen 11% on an annual basis.