Tag Archives: Nick Bailey

"The inventory situation is unique—we are seeing it differ across the country depending on what area, but demand for housing is still strong. As rates stabilize, consumers' confidence should strengthen, helping boost market activity," says Nick Bailey, President and CEO of RE/MAX LLC.

As mortgage rates creep toward the 7% mark, the MBA reports a third straight week of waning interest in mortgage apps, with a lack of inventory playing a role in purchase app drop-off.

“First-time homebuyers are active and those entering the market have an edge as sellers are negotiating more and giving buyers a chance,” said RE/MAX President and CEO Nick Bailey.

"We've seen historic competition in housing over the last two years. As the market begins to rebalance, homebuyers and sellers remain focused on the goal of homeownership despite the ongoing fluctuations," said Nick Bailey, President and CEO of RE/MAX, LLC.

With fixed-rate mortgages up nearly 195 basis points since mid-summer lows, new single-family homes tumbled in September, with more homeowners opting to remain in their current homes amid the erratic rate environment.

"After a sustained period of quick sales that kept the housing cupboard relatively bare, a supply of two months presents a lot more options for homebuyers," said Nick Bailey, RE/MAX President and CEO.

During a month that typically sees increasing sales in the lead up to the summer busy season, April 2022 saw sales remain essentially flat from March, increasing by ...

RE/MAX reports that, amid a seasonally cooling market, the national median home sale price fell nearly 3% in November.

RE/MAX reported that home sales declined from September’s totals—nearly double the normal seasonal decline.

A new report has found that home sales and median prices have both dropped since July.