The steady rise is good for sellers, but spells bad news for first-time buyers
Opinion
Technology will continue to revolutionize the real estate transaction
New single-family home sales rose 17.5 percent month-over-month and 26.6 percent year-over-year
'Too many prospective first-time buyers see few options within their budget,' says NAR chief economist
Experts adjust predictions to account for persistence of scarce inventory, low mortgage rates pushing up demand
Still, price appreciation for starter homes is expected to stay robust until housing starts meet demand
A new Zillow report finds the inventory crisis is driving up prices nationwide
Immobile homeowners creating deep inventory backlog
Sales activity still 'unable to break through' the weight of low inventory
Some relief for buyers may be on the way
July experienced declines in existing-home and pending home sales
National family median income rose to $71,529, but it's still not enough to keep up with rising home prices
Affordable listings are being 'scooped up rapidly,' according to NAR Chief Economist Lawerence Yun
Residential construction has been on the uptick -- is it enough to make a difference for buyers?
Buyers looking for a starter home will have to spend 3.1 percent more