Exterior of office building FHFA headquarters in Washington, DC. (Photo: SmithGroupJJR)

WASHINGTON, DC—In keeping with the National Association of Realtors’ characterization last week of home supply as “pitiful,” the Federal Housing Finance Agency on Tuesday cited “tight inventory” as a key factor in the second quarter’s increases in single-family home prices. Prices rose 1.6% in Q2 from the previous quarter, while rising 6.6% year over year. That’s consonant with NAR’s Q2 data on price increases.