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One issue currently facing the mortgage industry is a lack of supply, or as rapper Cardi B said over the weekend in her analysis of high home prices and rents, “a lack of m f ing inventory.” She does have a point: Despite the increase in rates continuing to dampen demand and put downward pressure on home prices, inventory remains inadequate. Versus last year, shoppers do have more homes to consider, although inventory still isn’t back to pre-pandemic levels. Who wants to sell their home when they have a 3 percent 30-year fixed rate mortgage and move to a home where the rate would be closer to 6 percent? We learned yesterday that home values fell for the second consecutive month and builders are cutting prices and adding incentives as the confidence of builders in the new home market fell for the ninth straight month, according to NAHB. The way to stabilize values is to build more housing, but if nobody wants to build then that presents a problem. And who woul

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