House hunters are seeing a bright spot in the market this month, as mortgage rates have dropped slightly and the amount of homes available for purchase has increased.
Housing inventory, the industry's term for the number of homes for sale, grew 29% compared to a year ago, according to from Realtor.com. Meanwhile, the average rate for a 30-year fixed mortgage fell to 5.3% this week, according to Freddie Mac, from 5.8% two weeks ago.
"Even though we saw seen rates pull back a little bit this week and last week, they're still much higher than they were this time one year ago," she told CBS News.
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