House

Although homebuyers struggle with affordability and low supply, a healthy economy and strong consumer confidence are expected to lead to an increase of sales, according to Freddie Mac’s newly released monthly outlook for May.

Last month, Freddie Mac’s outlook indicated that low housing inventory was responsible for a struggling housing market, and this has now extended into the month of May.

“While this spring’s sudden rise in mortgage rates are taking up a good chunk of the conversation, it’s the stubbornly low inventory levels in much of the country that are preventing sales from really taking off like they should be,” Freddie Mac Chief Economist Sam Khater said.

Although…