New Listings Are the Make-or-Break Indicator This Spring

The Realtor.com® economics team video update gives you the relevant economic and real estate information you need to know each week, every Friday, to navigate the housing market as a homebuyer, home seller, or industry professional. For the week ending May 8, Realtor.com® Chief Economist Danielle Hale discusses the April jobs report, which showed 115,000 jobs added and unemployment holding steady at 4.3%, and what it means for mortgage rates, which climbed to 6.37% this week amid renewed geopolitical tensions. She then covers the latest weekly housing data from Realtor.com, showing mixed signals in a "cautiously active" market, with a widening price gap and soft new listings, which Danielle identifies as the make-or-break indicator for the spring housing market. She also highlights the April Hottest Housing Markets report, where Springfield, Massachusetts, topped the list alongside several other Northeast corridor markets from New York to Boston. Finally, Danielle digs into three recent Realtor.com Economics reports: a look at March new home sales, which picked up from both last month and last year even as prices slipped 6.2%; a review of the Q1 2026 New Construction Insights report from colleague Joel Berner, which examines listing price stability and the scarcity of new builds in urban areas; and finally, in honor of Mother's Day, a look at the Realtor.com multigenerational housing report from Hannah Jones and Jiayi Xu, revealing that multigenerational homes now make up 4.5% of homeowner households and command a 22% price premium per square foot. Find all the details, including full reports and our housing data for download at realtor.com/research. You can also follow us on X (formerly Twitter) for real-time updates. And Instagram @realtordotcomecon for graphics. Reports and articles referenced: This week's video https://www.realtor.com/research/video-economic-and-housing-market-update-may-8-2026/ Multi-Generational Housing Market Report https://www.realtor.com/research/multigeneration-2026/ New Construction Insights Report 2026-Q1 https://www.realtor.com/research/new-construction-insights-2026q1/ April 2026 Hottest Housing Markets https://www.realtor.com/research/april-2026-hottest-housing-markets/ Weekly Housing Market Trends – Week of May 2, 2026 https://www.realtor.com/research/weekly-housing-trends-view-data-week-may-2-2026/ Commentary on New Home Sales – March 2026 https://www.realtor.com/research/new-home-sales-march-2026/ Commentary on Mortgage Rates – May 7, 2026 https://www.realtor.com/research/freddie-mac-mortgage-rates-may-7-2026/ Commentary on April 2026 Employment Report https://www.realtor.com/research/april-2026-employment-report/ Housing data for download: https://www.realtor.com/research/data WATCH NEXT Building a legacy starts with the right strategy. Watch our latest video: The New Rules of Generational Wealth: https://www.youtube.com/watch?v=0xGoz05kxMA RESOURCES & DATA 📈 Detailed Housing Reports: https://www.realtor.com/research/ 📊 Free Housing Data: https://www.realtor.com/research/data 🏠 Find your next home: https://www.realtor.com 📱 Download our mobile app: https://www.realtor.com/mobile JOIN THE COMMUNITY - Follow us on: Facebook: /realtor.com Instagram: /realtordotcom TikTok: /realtor.com Threads: https://www.threads.net/@realtordotcom X: /realtordotcom Pinterest: /realtordotcom #realtor #realestate