National Association of Realtors (NAR)

Mortgage payments on a typical home rise by 11.6% year-over-year.

Despite monthly gains, all regions report year-over-year transaction declines; housing market recovery stagnates amid lack of supply.

‘First-half of the year was a downer,’ as sales fell 23%.

NAR says housing market remains resilient, with approximately 3 offers for each listing.

Sales were down more than 20% from the same month last year.

3 separate reports show low inventory affecting homebuyers’ perceptions.