Buyers face more competition amid shortage of home listings
By ALEX VEIGA, AP Business Writer LOS ANGELES (AP) — Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and growing pool of would-be buyers as more millennials enter their 30s is expected to fuel demand for homes at a time when the inventory of properties for sale is at the lowest level in more than a decade. While buyers will benefit