The good news is that housing inventory increased for the 24th straight month in October, The not-so-good news is that that rate of inventory growth declined for the fifth straight month. Inventory grew the fastest in the West and South, followed by the Midwest with the Northeast a distant fourth.
The good news is that mortgage rates are at their lowest point in a year. The not-so-good news is that homes for sale are spending more time on the market for the 19th straight month (63 days).