In this HousingWire Daily episode, Nationwide Mutual Senior Vice President and Chief Economist David Berson reviews the latest home sales report from the U.S Census Bureau and the U.S. Department of Housing and Urban Development and examines the current state of the housing market.

Additionally, Berson discusses how supply constraints and climbing home prices have impacted potential homebuyers and what he believes needs to happen for the housing market to catch up with homebuyer demand.