On today’s Hot Sheet, Byron Lazine broke down the latest housing inventory trends, reviewed Logan Mohtashami’s Housing Market Tracker showing resilient buyer demand despite higher mortgage rates, and analyzed the U.S. Bureau of Labor Statistics June CPI report, which recorded the largest monthly decline since April 2020 as energy prices fell sharply.
He also covered National Association of REALTORS® (NAR) data showing existing-home sales dipped in June while the median home price climbed to a new all-time high, extending 36 consecutive months of annual price gains.
