is below the year 2000. year 2000 level, when the u.s. population was 50 million smaller. so certainly there is a pent-up demand there, looking for the affordability, right mortgage rates and increase inventory choices are still short on housing availability. lawrence, it s amara walker. i am going to step in because i think paula is having a coughing spell. there is a shortage of inventory, right, as you have been saying. it s still tight. who is able to afford to purchase a home in such a climate? you know, the sales activities are much more robust in the midwest and in the south. these are the regions of the coo country where homes are much more affordable. we have seen sales tumble down in the west region because home prices are very expensive and consumers typically cannot handle high home prices and
Home sale numbers in the U.S. rose by a record while new listings fell amid a slowing down in the housing market, according to real estate brokerage firm Redfin.