The nation’s inventory levels were boosted by new listings in June, contributing to a third consecutive month of supply growth.Read More »
Experts Project Inventory to Improve Gradually
RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than the prior year. However, rates ...Read More »
Balance Returning to the Housing Market?
A new report finds that an atypical third quarter may propel the market into a strong start to 2022.Read More »
Update: How Many Mortgages Are Still in Forbearance?
New dataset finds approximately 1.01 million mortgage holders remain in pandemic-related forbearance plans, accounting for approximately $188 billion in total unpaid principal balance (UPB).Read More »
Record Low Inventory Drives Down October Home Sales
In a month where housing supply dropped 12.7% nationally, the 1.3 months’ supply of homes recorded in October tied for second-lowest in history.Read More »
Median Home Sales Prices Spike $30K in July
The supply of homes has risen as more have been priced out of the market with media prices rising $28,700 month-over-month in July.Read More »
Housing Inventory Grows Month-Over-Month in July
A new report has found that even with demand reaching peak levels, housing inventory actually rose in July for the second consecutive month.Read More »
For U.S. Housing, When Will Familiar Trends Shift?
The one thing steady about the U.S. housing market post-Q1 is that it continues to be defined by a dynamic that almost sounds like it's stuck on repeat: historically low inventory is driving fewer sales and rising prices in most ...Read More »
Home Sales Continue Growth Streak in May
The National Housing Report from RE/MAX found that for the third month in a row, home sales in May rose higher than sales in the previous month. May sales were 11.5 percent higher than in April, but stubbornly remained below the same period last year by 9.9 percent.Read More »
Low Inventory Pushes Home Sales Lower, Prices Higher
RE/MAX released its National Housing report for February, which showed that weather and a lack of inventory continued to push homes sales lower and prices higher. Home prices rose 11.6 percent compared to February, 2013. The median price for a home was $180,450, a 4.3 percent increase from the previous month, and continues a streak of 25 months of monthly price increases.Read More »