Housing Market Trends

The topic page covers the evolving dynamics of the U.S. housing market, focusing on the impact of mortgage rates, home prices, and rental costs. It explores how rising mortgage rates and home prices have made homeownership less affordable, driving many to rent instead. The content discusses the role of real estate investors, regulatory changes affecting real estate commissions, and the growing interest in alternative housing options like tiny homes. Additionally, it highlights regional variations in housing trends, the influence of economic factors such as inflation, and predictions for future market conditions. Guidance for prospective buyers and renters, including financial strategies and new legislation, is also provided.

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The housing market continued to favor buyers in May

But fewer buyers took advantage of growing inventory

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U.S. housing inventory surpassed 1 million listings for the first time since winter 2019, but recovery is concentrated in Southern and Western metros.  

New construction drives market rebound in cities like Denver, Austin, and Seattle, while inventory-starved regions in the Northeast and Midwest continue to lag.  

Affordability challenges persist as price cuts hit a record for May and homes spend more time on the market despite growing supply.

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