Housing inventory

Interest rates and inflation are at the top of the list of problems facing the industry, but attracting consumers under current market conditions has become more concerning, according to the National Association of Home Builders.

Although housing values have noticeably flattened in recent months, the share of buyers expecting the search for a new residence to become harder grew, according to the National Association of Home Builders.

The National Association of Realtors index of contract signings to purchase previously owned homes increased 2.5% in December to 76.9, according to a release Friday.

Sales of new U.S. homes rose for a third month in December, wrapping up an otherwise disappointing year in which soaring borrowing costs stifled demand and weighed on the economy.

Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of the housing market's worst years on record amid a rapid jump in mortgage rates.

New U.S. home construction declined for a fourth-straight month in December, wrapping up a disappointing year for an industry that saw annual housing starts fall for the first time since 2009.

Single-family property values during the year's final three months rose 9.2% year-over-year, but that bump fell below the 13.1% annual rise in the prior quarter.

The most attractive cities this year count more homes selling under their listing price rather than over it.

While supply was up by over 54% compared to a year earlier, new home listings decreased, according to Realtor.com.

House hunting activity also slowed in December, with home tours declining 69% from the start of the year, a Redfin report found.