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Inman Connect When Airbnb launched in 2008, the company ushered in the era of the modern boardinghouse where travelers could temporarily rent a home at the click of a button, usually at the fraction of the cost for a hotel or extended stay. The short-term rental industry quickly took off and the criticisms did too — cities imposed restrictions, residents complained about wild parties and some Airbnb owners lamented about trashed homes. Tired of living in neighborhoods where Airbnb and VRBO listings abound, luxury second-home and vacation-home buyers are seeking out communities with short-te...

the market rocketed to a 12.5 month supply. that's more than double the number of homes you'd usually see in a healthy real estate market. all this despite the fact the federal reserve has pumped a trillion dollars into the mortgage market to push borrowing rates way down. 30 year mortgage rates hit 4.42% in recent days. that's believed to be the all-time record low for mortgage rates. that's where we are tonight. joining me with more on what happened here and what it means for the broader market, diana olick of cnbc, she covers housing for us. diana, good evening. >> reporter: good ...

down. 30 year mortgage rates hit 4.42% in recent days. that's believed to be the all time record low for mortgage rates. that's where we are tonight. joining me with more on what happened here and what it mean for the broader economy, diana olick of cnbc, she covers housing for us. diana, good evening. >> reporter: good evening, it's houses like this one, perfectly appointed, move-in ready, been sitting on the market for over six months. like a quarter of all sellers on the market today, this seller has already lowered the price and it's not moving. why? it's that toxic mix of that e...

the inventory. the number of unsold homes on the market rocketed to a 12.5 month supply, that's more than double the number of homes you'd usually see in a healthy real estate market. all this despite the fact the federal reserve has pumped a trillion dollars into the market to push borrowing rates way down. 30 year mortgage rates hit 4.42% in recent days. that's believed to be the all time record low for mortgage rates. joining me with more on what happened here and what it mean for the broader economy, diana olick. >> reporter: good evening, it's houses like this one, perfectly app...