National Association of Realtors (NAR)

Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.

Year-over-year, contract activity slid in all four major regions.

National Association of Realtors also reports that median sales price tops $400,000 for the first time

Our Way Home, a government housing initiative program, unveiled on Wednesday with the goal to close the gap on housing availability and affordability.

Home inventory increased for the first time in three years but the median national home price climbed to an all time high of nearly half a million dollars.

Sixth consecutive month of declines