With real estate prices at the highest they’ve ever been, getting into a house in certain markets can be a daunting task. Out of 130 metro areas analyzed in June, about one-third are at all-time highs for real estate prices. Money magazine has additional information, here.
Low housing supply is hindering home sales as we progress through summer. Mortgage application volume is down 11%, but still up 40% from a year ago. CNBC has a breakdown of the current state of things, here.