An uptick in listings will provide a much-needed boost to the inventory shortage. Coupled with lower interest rates and a strong job market, these factors make now the perfect time to buy a home.

Federal Reserve Chair Jerome Powell hinted at a possible cut to the Fed Funds Rate in the near future. Analysts believe it could be as soon as the next Fed meeting on July 31.

"The U.S. has experienced 16 consecutive months of falling overall delinquency rates, but it has not been a steady decline across all areas of the country. Recent flooding ... could elevate delinquency rates in hard-hit areas, similar to what we see after a hurricane."

– Frank Martell, President and CEO of CoreLogic

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Sources:

[1] National Association of Realtors®, Housing Opportunities and Market Experience (HOME) Survey, Q2 2019.

[2] Realtor.com, June 2019 Data.

[3] The Federal Reserve, Semiannual Monetary Policy Report to the Congress.

[4] Federal Open Market Committee (FOMC), July 2019.

[5] CoreLogic®, a data and analytics company, Loan Performance Insights report, April 2019.