Here's a recap from the National Association of Realtors' new Housing Minute monthly video series
The month was full of setbacks due to low inventory
Residential housing starts are not picking up
Some relief for buyers may be on the way
July experienced declines in existing-home and pending home sales
Only the West experienced an uptick in contract signings
Low inventory is still holding back buyer activity, especially in the starter homes segment of the market
NAR released its first 'Housing Minute' video as part of a monthly series
Low inventory levels have sidetracked the spring buying season and dampened financial and economic confidence
Buyer foot traffic and interest aren't translating into more contract activity
Contract signing activity remains high and the small drop is not for lack of demand
NAR's index dipped to its lowest level in a year
The latest numbers on soon-to-close homes show an anemic month
New NAR data indicate that sales slowed down slightly
After a dip in August, pending home sales are back on their (rising) track