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Tag Archives: RE/MAX

Housing Trends Settle for Cold Months, Inventory Decline Slows

According to RE/MAX's National Housing Report for September, closed transactions fell 18.5 percent month-over-month, in line with the typical trend as summer passes into autumn. Year-over-year, however sales increased 10.7 percent, making September the 27th consecutive month in which sales rose on an annual basis. The company also reported a slowdown in the rate of inventory decline.

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RE/MAX to Go Public with $100M Offering

RE/MAX filed paperwork with the SEC Monday for its proposed $100 million public offering. Founded in 1973 by Dave and Gail Liniger, RE/MAX is represented in more 90 countries and has over 90,000 agents.

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Report: Prices Slip from June to July; Inventory Situation Improves

Median home prices dipped month-over-month in July, but still experienced a sharp rise from last year, according RE/MAX's latest housing survey covering 52 metropolitan areas. Homes in July sold for a median price of $189,950, down 2.1 percent from June, but up by 11.5 percent from July 2012. While inventory was down compared to last year and the prior month, the decreases were more conservative, which means home price gains should slow, according to RE/MAX.

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RE/MAX: Home Prices Up Yearly for 17th Straight Month in June

At $193,750, the median price of a home in June sat 12.6 percent above the year-ago level and increased 5 percent from May. At $193,750, the median price of a home in June sat 12.6 percent above the year-ago level and increased 5 percent from May. Out of the 52 metros tracked, Albuquerque, New Mexico, was the only market to experience a yearly decrease after prices fell 4.2 percent. Home sales also stood higher compared to last year, increasing 4.1 percent in June. The improvement marks the 24th month of consecutive gains.

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RE/MAX Grows Global Reach

After 40 years of being in business, RE/MAX can now be found in more than 90 countries, the most out of other real estate organizations, the Denver-based global franchisor announced in a release.

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RE/MAX Reports Double-Digit Yearly Gains in Sales, Prices in May

After staging a turnaround last year, the housing market is continuing on the road to stabilization in 2013, RE/MAX said in its National Housing Report for May. Of the 52 metros surveyed last month, 45 reported higher sales than May 2012, with 30 posting double-digit gains. For all homes sold in May, the median price was $185,000, a 4.2 percent gain over April and a 10.8 percent increase over May 2012. Reduced inventory continues to be a concern, however, though recent monthly changes have been promising.

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Inventory Finally Shows Signs of Growth in April, Rises Monthly

While low inventory continues to curb home sales, April may have seen the first signs that the supply situation is turning around, RE/MAX says in its latest National Housing Report. According to RE/MAX, the months' supply of homes for sale at the April's sales pace was 3.6 months--the lowest supply since the National Housing Report began in August 2008. However, the company observed a monthly increase in April in the overall number of homes for sale--the first since June 2010.

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RE/MAX: Prices Up 8% from Year Ago; Inventory Falls Again

Median home prices in January continued to stay above year ago levels while falling month-over-month, according to a recent report from RE/MAX. At the same time, inventory remained low, causing a shortage in supply while pushing up home prices, RE/MAX explained. At $155,000, the median sales price in January sat 6.6 percent below December’s sales price, but was still 8 percent higher compared to January 2012. Inventory trended downward month-over-month for 31 consecutive months in January after falling 5.1 percent from December.

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