KB Home, a US homebuilder targeting first-time buyers, saw third-quarter earnings beat estimates as prices and sales rose. Photo: Bloomberg

Rising supply, waning demand cool United States house bidding wars

An increase in supply of homes and rise in mortgage rates have between them brought an end to the surge in prices in US housing market

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KB Home, a US homebuilder targeting first-time buyers, saw third-quarter earnings beat estimates as prices and sales rose. Photo: Bloomberg
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