Housing inventory

Central Ohio home prices reached a record high in April, as eager buyers continue to compete for homes the moment a for-sale sign is posted.

Sales of previously owned homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

The era of plentiful refinance volume is over for the foreseeable future, because mortgage rates remained in a very narrow band for the past decade, said Mortgage Bankers Association Chief Economist Mike Fratantoni.

The price of a new home in Houston rose slightly in April, while the number of pending new-home sales dropped in Houston and other large Texas metros.

The median price of a home sold in metro Atlanta in April was just 3.7% higher than the same month a year ago, according to a report from the Atlanta Realtors Association.

Metro Orlando home sales and prices dropped again in April, constrained by a small supply of properties, according to the Orlando Regional Realtor Association.

Sentiment among homebuilders increased in May by more than expected, sustaining this year's upward swing on stronger sales and lower mortgage rates.

Some good news emerged in the housing market recently, but there's one factor that means homebuyers aren't likely to see any relief soon: low supply.

Affordability got better for mortgage borrowers at the start of 2019, but housing inventory constraints limited the degree of improvement, according to the National Association of Home Builders and Wells Fargo.

Oahu home prices didn't budge much in April, but the same wasn't true for sale volume, which surged for single-family homes and plummeted for condominiums.