The housing market is currently experiencing a complex landscape as existing home sales barely budged in May, posting the slowest performance for this month in 16 years. While the National Association of Realtors (NAR) reports a modest 0.8% increase in sales, affordability issues are still a significant barrier for many potential buyers. High mortgage rates and increasing prices continue to weigh heavily on the market, and many sellers are unwilling to lower their asking prices, creating a historic imbalance with more sellers than buyers. Despite a slight uptick in overall sales, the market remains sluggish, prompting some analysts to wonder if a buyer-friendly climate is on the horizon. Meanwhile, metro areas with the largest price cuts are attracting attention, hinting at potential opportunities for buyers waiting for more favorable conditions.