Sales were up compared to last year – a welcome and reassuring direction in a low supply marketplace.

As the stock market declined, so did mortgage rates offering a bad new-good news situation.

For 2020, the National Association of REALTORS’ Chief Economist, Lawrence Yun, sees good news for home prices.

“Buyer demand continues to be strong, especially given the supply constraints.”

Prices increased in year-over-year comparisons, and this will likely remain the case for the rest of the year.