We Need More Homes!
Total nationwide inventory fell 1.8% YoY in August 
Existing-home supply dropped 1.6% YoY in July 
What's Driving Demand?
“These positive demand drivers, which are occurring against a backdrop of persistent shortages in housing stock, are the major drivers for higher home prices, which will likely continue to rise for the foreseeable future.”
— Frank Martell, President and CEO of CoreLogic
Millennials Rush to Refinance to Take Advantage of Low Rates
Millennial refis jumped 9% from June to July
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 Realtor.com® August 2019 Monthly Housing Trends Report.
 National Association of Realtors® (NAR), Existing Home Sales, July 2019.
 CoreLogic, a data and analytics company, Home Price Insights report, July 2019.
 Freddie Mac, Primary Mortgage Market Survey®, week ending September 5, 2019.
 Bureau of Labor Statistics, U.S. Dept. of Labor, Employment Situation Summary, August 2019.
 Freddie Mac, Economic & Housing Research Insight, February 2019.
 Ellie Mae® Millennial Tracker, July 2019..