National Association of Realtors (NAR)

The National Association of Realtors also said 46% of metros registered double-digit price increases.

The $5,000 grant can be applied toward two of the biggest barriers to homeownership: down payment and closing costs. 

NAR reports that pending sales declined nationwide

National Association of Realtors says inventory also fell.

Lack of inventory, declining housing affordability cited most often.

Index fell 2% in August from July, and is down 24.2% year over year.