As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle, says Mark Fleming, Chief Economist at First American.

Initial claims for unemployment insurance were just under 2.4 million for the current reporting week (May 16). That represents a decline of 250,000 from the previous week’s downwardly revised number.

Long-term U.S. mortgage rates have slipped, remaining near record lows. So reports MarketWatch.