Chris Lefforge News Today

Nearly 4 percent fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6 percent.

Some renters saving for a down payment and unable to buy find that recent rent increases are eating away at savings and forcing them to stay where they are.

For potential entry-level homebuyers, the situation has gotten worse in the last year, thanks to rising inflation and mortgage rates ticking up.