Affordability and inventory weigh on pending sales

From HousingWire:

Affordability constraints hold back pending residence sales

Pending residence sales remained in a holding pattern in June, nonetheless they improved slightly, according to the Pending Residence Sales Index from the National Association of Realtors.

Constricted provide and low

Is the difficulty supply or demand?

From Bloomberg (Hat tip Hoodafa):

Millennials Need to have a New Housing Bubble

Every year given that 2009 we’ve been running a housing deficit: More housing for sale has been absorbed than constructed. With a glut of housing left more