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.
Read More »Inventory Levels Creep Upwards
"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.
Read More »Median House Sales Prices Decelerated in June
Median sales prices, up both month-over-month and year-over-year, slowed a bit in June, increasing by less than 1%.
Read More »May Home Sales Down YoY as Inventory Grows
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 ...
Read More »Housing Inventory, Prices on the Rise in April
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 ...
Read More »Game of Homes
As the quest for the American Dream continues, homebuyer competition intensifies amidst rising rates, record high prices, and insufficient inventory.
Read More »Who Is Bearing the Brunt of Supply Chain Issues?
With a lack of supplies, a spike in the cost of raw materials, and affordability concerns tugging at the housing market, Ward Morrison, President of Motto Mortgage, recently spoke with MReport to address the impact of supply chain issues on the marketplace.
Read More »Median Home Sales Prices Drop in November
RE/MAX reports that, amid a seasonally cooling market, the national median home sale price fell nearly 3% in November.
Read More »October Home Sales Experience Atypical Seasonal Decline
RE/MAX reported that home sales declined from September’s totals—nearly double the normal seasonal decline.
Read More »When It Comes to Homebuying, There’s a Digital Generation Gap
Millennials have embraced the digital homebuying process, but new data from RE/MAX shows that Generation X and boomers have been slower to adopt such measures.
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