National Association of Realtors (NAR)

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

3 separate reports show low inventory affecting homebuyers’ perceptions.

Lack of inventory, high mortgage rates holding down sales of existing homes, NAR says.

Second-straight monthly decline came despite a 7.2% increase in inventory.

File amicus brief in support of regulator in case to be heard later this year.

Stakeholders hopeful that agency will proactively seek greater input before proposing future changes.