2024 California Housing Supply: Inventory Shortage Improves

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Home buyers in California have struggled with housing market supply shortages for years, with inventory levels dropping to record lows. Now, in the spring of 2024, California's real estate inventory shortage appears to be easing a bit. In a promising turn of events for prospective home buyers, the housing market experienced a significant uptick in supply during February. That's based on a recent report from the California Association of REALTORS (C.A.R.).