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.
Realtor.com has an article today on the best U.S. cities to invest in budget real estate. Included in the top-ten cities are: Jacksonville, FL, (At #1), Chicago, IL, Detroit, MI, and Phoenix, AZ. You can read the report, and see the remainder of the list, here.