The reason being given for recent home sales reports coming in below expectations is because of a lack of inventory of homes for sale in the market.  Here’s a link to a website that challenges this assertion and I encourage you to read it… http://seekingalpha.com/article/3563066-low-housing-inventory-myth

 NOTE TO LISTENER:  Each day, David Lykken produces a one-minute video, called “Today's Mortgage Minute” and it covers what happened with mortgage rates, housing and the economy and, time allowing, he will comment on what is on the economic calendar today that could move mortgage rates either up or down.  This short podcast is the audio version of the daily video known as Today’s Mortgage Minute that appears on hundreds of radio, television and newspaper websites across the United States and can be seen by millions of consumers each month.  David welcomes your feedback in the comment section below.