Many Americans are ready and eager to buy a home right now. But they're having trouble finding one.
Home sales edged down 6.6% in February compared with the previous month because there just aren't enough houses out there for people to buy.
That lack of supply is also driving up prices as bidding wars break out with multiple offers on many homes.
"The housing market is out of whack," says Lawrence Yun, chief economist at the National Association of Realtors. "There's a lot of demand, but the supply is not coming along."