Housing market hits a key level not seen since 2009

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The number of newly built homes for sale on the market is at the highest level since 2009.

Home builders are having a hard time finding buyers, and they’re upping discounts and perks in an attempt to sell more.

Even with unusually high inventory levels of newly-built homes, a boon to the residential real-estate market as resale homes are in short supply, few are buying.