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Want more housing market stories from Lance Lamberts ResiClub in your inbox? Subscribe to the ResiClub newsletter. During the pandemic housing boom, from summer 2020 to spring 2022, the number of active homes for sale in most housing markets plummeted as homebuyer demand quickly absorbed almost everything that came up for sale. Fast-forward to the current housing market, and the places where active inventory has rebounded to 2019 levels (due to strained affordability suppressing buyer demand) are now the very places where homebuyers hold the most power. At the end of May 2025, national active housing inventory for sale was still 12% below May 2019 levels. However, more and more regional markets are surpassing that threshold. This list is growing. At the end of January 2025, 41 of these 200 major markets were back above pre-pandemic 2019 inventory levels. At the end of February, it was 44. By the end of March 2025, 58 of these 200 major markets were back above pre-pandemic 2019 inventory levels. At the end of April 2025, that number had climbed to 69. Now, at the latest reading for the end of May 2025, 75 of the 200 markets are above pre-pandemic 2019 inventory levels, and ResiClub expects that count will continue to rise this year. Many of the softest housing markets, where homebuyers have gained leverage, are located in Gulf Coast and Mountain West regions. These areas were among the nations top pandemic boomtowns, having experienced significant home price growth during the pandemic housing boom, which stretched far beyond local income levels. When pandemic-fueled migration slowed and mortgage rates spiked, markets like Cape Coral, Florida, and San Antonio, Texas, faced challenges as they had to rely on local incomes to sustain frothy home prices. The housing market softening in these areas was further accelerated by the abundance of new home supply in the pipeline across the Sun Belt. Builders in these regions are often willing to reduce prices or make other affordability adjustments to maintain sales. These adjustments in the new construction market also create a cooling effect on the resale market, as some buyers who might have opted for an existing home shift their focus to new homes where deals are still available. In contrast, many Northeast and Midwest markets were less reliant on pandemic migration and have less new home construction in progress. With lower exposure to that demand shock, active inventory in these Midwest and Northeast regions has remained relatively tight, keeping the advantage in the hands of home sellers. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}))}(); Generally speaking, housing markets where inventory (i.e., active listings) has returned to pre-pandemic levels have experienced weaker home price growth (or outright declines) over the past 30 months. Conversely, housing markets where inventory remains far below pre-pandemic levels have, generally speaking, experienced stronger home price growth over the past 30 months.
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E-Commerce
Paramount Global is cutting 3.5% of its U.S. workforce as customers switch away from traditional pay-TV bundles in today’s shifting media landscape and uncertain economy. The latest round of layoffs come as the media giant prepares to merge with movie studio Skydance Media. Paramount Global parent company National Amusements and Skydance Media agreed to merge last July, but it is still waiting for regulatory approval. Paramount, owns Paramount Pictures movie and television studios, Paramount+ streaming service, MTV, Nickelodeon, BET, Comedy Central and the CBS television network, including CBS News. Shares in Paramount Global (PARA) were trading up about 1% in late morning trading, at the time of this writing. Here’s what to know. What happened? On Tuesday, Paramount’s co-CEOs George Cheeks, Chris McCarthy and Brian Robbins notified staff of layoffs in a memo, which said the 90% of those impacted would be notified on Tuesday, according to CNBC. Last August Paramount began the process of reducing its U.S.-based workforce by 15% after laying out a cost-cutting plan. The layoffs are just the latest to hit the beleaguered media industry, which has seen staff cuts at Disney and Warner Bros. Discovery, to name a few. Paramount Global by the numbers In Paramount Global’s latest round of earnings, for the first quarter of 2025, ending March 31st, 2025, the media company reported an earnings per share (EPS) of $0.29, missing analysts estimates; quarterly revenue of $7.19 billion, slightly beating analyst expectations of $7.14 billion; and forecast earnings would grow by 54.67% next year, from $2.25 to $3.48 per share. The company is next slated to report Q2 earnings in early August.
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E-Commerce
Since Friday, protests over immigration raids have erupted across Los Angeles. The demonstrations escalated after President Trump deployed the National Guard into the city on Saturday. Troops used aggressive tactics to disperse the rallies, including firing rubber bullets, using flash-bang stun grenades, and spraying tear gas into the crowds. The photographs emerging from the weekend are unsettling. An unlikely symbol of whats happening in the city has emerged in images of protesters near Gloria Molina Grand Park taking cover behind hot pink benches, chairs, and tables. Demonstrators frequently use whats available around them as barricades, and often thats street furniture: trash cans, benches, construction signsanything that can be picked up and moved. But those hot pink seats tell an L.A.specific story of the conflict at hand. [Photo: Apu Gomes/Getty Images] Designed by the architecture firm Rios, Grand Park has been at the center of the pro-immigrant demonstrations. It is adjacent to Los Angeless City Hall and just a few blocks away from the Metropolitan Detention Center, a site where protesters gathered and where ICE is holding its detainees. The park itself was designed to represent Los Angeless multicultural population and to be a park for everyone. Rios was adamant that the public space feature movable seatinglike in New Yorks Bryant Park and Pariss Luxembourg Gardensso that visitors had flexibility in how they used it (aside from sleeping on them), so they designed a custom collection to meet those needs. The furniture is made from powder-coated aluminum, and the hot pink color nods to the hue of the flowers that grow in equatorial countries, where many of the citys residents have roots, and to the bougainvillea vines found throughout the city. When the park opened 11 years ago, it was furnished with hundreds of these pieces, more specifically 26 freestanding benches, 41 wall-mounted benches, 120 cafe tables, and 240 cafe chairs, all made by the Southern California manufacturer Janus et Cie. Grand Molina Park, ca. 2012. [Photo: Channone Arif/Flickr] The park is a place for people to come together and find community, says Andy Lantz, the co-CEO and creative director of Rios. This idea of being able to reconfigure the use of the space with movable furniture was fundamental to making it a park for all. In the years since it opened, the park has become the gathering place Rios intended, hosting weekend dance parties, morning yoga classes, food trucks, and political rallies. The community-focused nature of the space represents whats at risk because of the raids. Angelenos are worried about their friends and neighbors and are doing what they can to protect their communities and civic values. Amid this context, the furniture found a new use to provide security and protection. While endless configurations was part of the furniture design brief, Lantz never imagined what that might mean in the context of a demonstration. He experienced a flood of emotion when he first saw photographs of protesters using the powder-coated aluminum furniture as a shield. The benches, which are about six feet long and weigh 70 pounds, have just the right dimensions to cover a human body when propped on its side; a chair, which weighs about 25 pounds, can be held up by its wire frame and crouched behind. I’ve looked at [the photos] multiple times todayI’ve been proud, I’ve been upset, I’ve been startled, he says. Seeing our work repurposed in a moment of collective action was humbling and powerful. Since Grand Park opened, Rios has used the Civic collection of street furniture in parks it designed in Palm Springs and Houston, among other cities. Bright blue editions are also present in New Yorks Brooklyn Bridge Park. Lantz wonders if the events that happened over the last few days in L.A. will inspire designers to think about the parks they make in new ways. As designers, do you need to start thinking of public space as defensible for these types of actions? he says. It seems that the design brief for street furniture just got a lot more complicated.
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E-Commerce
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