Homebuyers face more competition amid listings shortage

By Alex Veiga, The Associated Press
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 from favorable mortgage rates, which remain near historic lows, the heightened competition and scant supply of homes