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More smaller homes are being listed, injecting some much-needed supply into the nation’s housing market as new listings rose 6.5% in July.

U.S. Senators Jerry Moran and Jeanne Shaheen hosted a roundtable to break down the struggle that homebuilders are facing to keep up with continued demand.

For the first time in 18 months, the share of refis has dipped below the share of home purchases with the summer home sales market heating up.

Still hotter than a year ago, June housing market metrics point to a more favorable environment for homebuyers.

Purchase apps have fallen slightly, however homeowners nationwide continue to jump into the refi market with rates falling to record low territory.

Record-high home prices may be causing some buyers to retreat, as affordability continues to play a factor in homebuyers’ decisions.

Price jumps that helped sellers earn big profits also led to equity improvements not seen in years, according to analysts.

Even with rates still below the 3% mark, purchase applications slid week-over-week, as affordability issues continue to factor into homebuyers’ decision-making process.

Both competition and the speed with which homes have been selling have passed their previous record-high peaks. However, most homes are still selling within two weeks and for more than list price.

The continued imbalance between supply and demand is deterring some buyers in a market where home prices are seeing an inordinate spike, primarily in lower density neighborhoods with more living space.