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US housing inventory declines

After rising for nine straight months, the number of homes listed for sale fell for the first time in October across many U.S. markets, the Wall Street Journal reports.

The supply of homes available for sale in 26 major metropolitan areas fell by an average 3.3% last month compared to the previous month, the first month-over-month decline since January, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in Emeryville, Calif.

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