The number of pending sales is down from last year, but homes are still selling quickly.
Mortgage rates are up. Realtors are being laid off.
Sellers who don't want to become buyers and the refinancing craze play roles in the lack of supply.
They're sliding even though the Federal Reserve has been raising interest rates this year.
The median payment on a new mortgage increased almost 9% from March to April.
Yes, mortgage rates are high. But demand is starting fall because of that, and prices aren't rising as fast as they have been, experts say.
The rapid rise in home prices has provided a windfall for homeowners, but rising interest rates make home-buying increasingly out of reach for renters.
It’s not the most timely home price indicator, but it does have advantages, including mapping prices over long periods.
Most houses sold in about a week, keeping buyers on their toes.
"You're working twice as hard for the same amount of money," says Mindy Palmer of helping buyers in a tight market.