Tag Archives: Total housing inventory

While Americans continue to struggle with housing affordability, a new report from the National Association of Realtors showed existing-home sales fell 2.2% in July, with available inventory and 7% mortgage rates continuing to drive overall sales activity.

According to a new report from the National Association of Realtors, home sales declined an overall 22% from a year ago, while the inventory of unsold existing homes rose 1% from February.