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Housing supply has hit a 6-year high as new listings jump, per Redfin. Homebuying demand is stagnant largely because housing costs are stubbornly high, pushing would-be buyers to the sidelines. The median U.S. home-sale price rose 2.2% year over year to $398,596, the highest August level on record. New listings of U.S. homes for sale rose 2.6% month-over-month to their highest level in over four years in August, according to a new report from Redfin, the real estate brokerage powered by Rocket. Read more: https://t.co/p6r6tyNIjm