A growing share of homesellers has never listed a property before
NAR Chief Economist Lawrence Yun also said median prices should increase 4% by EOY
Inventory increased and affordability improved across all regions, NAR reported
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Redfin reported contract cancellations declined 0.1% in April to 47K
NAR's Lawrence Yun said demand is being held back by tight supply and high mortgage rates
Affordability gains drove a modest April increase as consumer confidence hit historic lows
NAR numbers show the median single-family, existing-home price hit $404,300 in Q1
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Here are the most essential stories of the week, according to Inman readers
Mortgage rate volatility, oil price shocks and shifting consumer sentiment impact outlook
Contract signings climbed month over month despite elevated mortgage rates
Dr. Lawrence Yun unpacks inflation, national debt, oil prices, global conflict and more
NAR's March report shows sales slipping, while the median home price hit a record high
Find out how international uncertainty will affect the spring real estate market