Housing inventory

The nation's capital leads in live-work-play rental construction while interest rates are pricing out young potential buyers from the market.

It is a reversal of too little inventory that plagued the past two years.

The number of active listings nationwide jumped 31% from a year earlier, a record-high increase for a third straight month, according to a report Tuesday by Realtor.com. 

Consumer confidence has fallen as borrowing costs increase.

Recession fears and rising mortgage rates are cutting buyer confidence. Even as sales have been falling, sellers have only just started adjusting expectations.

Mortgages rates are at the highest since 2008, making borrowing more expensive, but could moderate demand and eventually ease price pressure.

The rise comes as some homebuyers are worried about even higher borrowing costs. Still, homebuilder sentiment sank further to a two-year low.

The company was an aggressive buyer of rentals during the pandemic, but it is reversing course as the housing market cools.

Industry leaders suggested they’ve "never felt so worried at a time when everything feels so good otherwise," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.

In some of the regions with the biggest slowdowns, the company is offering incentives to boost demand.

The S&P Supercomposite Homedbuilders Index dropped 16% this week as investors grow concerned over a recession and surging mortgage rates.

Prices for new construction dropped in May. In comparison, April construction raised to a 1.81 million rate, the highest since 2006.

These buyers snagged 20% of listings in metropolitan areas tracked by Redfin in the first quarter, the highest share since 2000.

As the market slows down, property owners are awaiting opportunities for discounts from builders.

The hottest U.S. pandemic market fell as mortgage rates rise and buyers fear overpaying in a slowing market.

The commodity's price fell to the lowest it has been since September as interest rates continue to rise.

Those surveyed said they felt more financially secure than they did five years ago, in part due to large gains in home equity.

Sales of new U.S. homes plummeted in April by the most in nearly nine years, dented by the combination of high prices and a steep climb in mortgage rates.

The total number of short-term rentals of entire homes in the city’s five boroughs — those listed on Airbnb Inc. and Expedia Group Inc.’s Vrbo — is more than 13,000, according to third-party data tracker AirDNA. Meanwhile, rental inventory in Manhattan, Brooklyn and a portion of Queens hovers just over 7,500, according to an April report from broker Douglas Elliman Real Estate.

Contract closings decreased 2.4% in April from the prior month to an annualized 5.61 million, figures from the National Association of Realtors showed Thursday.