Housing supply surges to the highest in 4 years as homes sit on the market for longer amid high prices

In Miami, nearly 64% of listings sat on the market for 60 days or longer in in November.

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• Active home listings climbed to a four-year high last month, up 12% from a year ago, Redfin says.
• Florida and Texas, in particular, have seen a surge in stale inventory amid a boom in homebuilding.
• Would-be buyers continue to face high prices and mortgage rates, keeping them renting or locked into their current homes.

The US housing market is...