Rent growth slows in May as inventory increases

A greater number of available rentals and a cooling housing market have combined to give renters more negotiating power
Cheaper rents contributing to ‘neutral’ housing market: Zillow

Monthly rental prices are roughly $100 less than average mortgage payments
Consumers are worrying a little less about the economy

But concerns that looming tariffs will heat up inflation remain strong
Home price growth expected to ebb through 2026: Fannie Mae expert panel

Economists continue to dial back their predictions
Fannie and Freddie may go public. Proceeds should benefit the middle class, lawmakers say

Labor leaders joined a bipartisan group of U.S. reps at a Capitol Hill rally
In another sign of a buyer’s market, fewer homes are selling above asking price

Spring housing trends are starting to resemble the early pandemic months: Redfin
Labor shortages, immigration crackdowns take a toll on the construction industry

A lack of skilled workers costs builders more than $10 billion annually, study finds
DataDecoded: Home flipping tumbles, as tight inventory narrows profits

Last year, home flipping plummeted 32.4% from a recent peak in 2022
Consumer inflation concerns eased in May

Labor market sentiment also improved after cratering in April: New York Fed
Nearly 75% of consumers think it’s a bad time to buy a house: Fannie Mae

Despite that gloomy figure, homebuyer sentiment improved in May