Most homes for sale nationwide since ’93

The U.S. now has the biggest supply of homes for sale since 1993, according to new figures from the National Association of Realtors. The trade group said that there was a 7.3 month supply of homes on the market, the largest since April 1993. more [CNN/Money]
Meanwhile, also according to the NAR, sales of existing homes nationwide dropped in July to the lowest level in two and a half years. more [WSJ]