Pending home sales

The problem? A combination of interest rates (too high) and housing supply (too low).

A new report from Zillow says lower mortgage rates, moderating home prices, and expected home growth could boost housing affordability in some metro areas this year.

Home-price inflation is moderating, and mortgage rates are likely to fall farther.

They’re worried about the economy going forward — and may be hoping for even lower interest rates and home prices.

Pending home sales fell more than 7% in August, according to the National Association of Realtors. While demand for homes is still high, people are having a harder time qualifying for mortgages — and that’s intensifying demand for cheaper homes.

A February rise in pending home sales likely reflects a short dip in rates earlier.