Housing inventory

Home purchase power increased by almost 7% annually in July as mortgage rates were at or near record lows.

Home and sales in metro Denver dropped by nearly a fifth in August from a record-setting July, but not because buyers pulled back. They had half as many homes to choose from this year than a year ago.

Northeastern Minnesota home sales have been on a tear this summer despite a relative scarcity of listings.

Driven by robust purchase demand and tight housing supply, housing price growth reached a two-year high in July, according to CoreLogic.

The average and median homes sales prices for the Dayton, Ohio, area reached record highs in JUly, which local experts say could produce positive and less than desirable effects for area homeowners.

Tight inventory and unstoppable buyers pushed Bay Area median home prices higher in July, ignoring the economic drag of the pandemic.

The refinance boom kept mortgage loan application defect risk flat, with record-low levels in July, but fraud risk for purchases climbed again, according to First American Financial.

Pending home sales rose in July by more than forecast to the highest level since 2005, signaling the housing market’s sharp recovery will continue with borrowing costs to stay low for the foreseeable future.

With mortgage rates and housing inventory both at all-time lows, the majority of consumers would overshoot their budgets for the right home without accounting for future costs, according to LendingTree.

In the list of numbers summing up the Bakersfield, Calif., single-family home market last month, one figure better than any other explains why buyers are bidding up prices lately.