What many had hoped would be a rosy spring home-buying season has turned into a thorny challenge for home shoppers already demoralized by a challenging market.
Home sale activity was stagnant last month as mortgage rates and home prices maintained an upward trajectory. One silver lining is that more resale inventory entered the market, which should help rein in home price growth, at least to some extent.
Even so, experts say the market will only see momentum return once mortgage rates drop low enough to make homes more affordable and incentivize homeowners locked in at cheap rates to move.
This post originally appeared at Forbes.