Realtor.com

Inventory recovery made major strides with the number of homes available to buyers climbing at its fastest annual pace of all time.

National rents grew at a double-digit annual pace for the 10th straight month in May, but by the smallest amount since fall 2021 – hinting at potential relief to come later this year.

Loan officers are starting to loosen their lending standards — albeit a little — to keep their pipelines nice and fat.

For homebuyers who are still actively searching for a home, lower competition and more seller activity will provide some relief. 

Active listings will grow 15% year-over-year as the inventory recovery accelerates in 2022.

Home inventory increased for the first time in three years but the median national home price climbed to an all time high of nearly half a million dollars.