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Median US Home Price Dips to $371K

Median US Home Price Dips to $371K

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. home price was $371,875 at the conclusion of the four-week period ending May 14, according to data from Redfin (NASDAQ:RDFN). That represents a 2.7% drop, the smallest decline in over a month. The median asking price of newly listed homes was $398,429,...
RE/MAX Expanded Franchise Network by 17% in Q1

RE/MAX Expanded Franchise Network by 17% in Q1

by Phil Hall | May 19, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

RE/MAX (NYSE:RMAX) announced the addition of 206 franchises to its network during the first quarter of this year, a nearly 17% year-over-year expansion. The Denver-based company also announced 293 existing RE/MAX brokerages, including 12 team offices and two...
California’s Median Home Price Back Above $800K

California’s Median Home Price Back Above $800K

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The California statewide median home price climbed above the $800,000 level for the first time in six months during April, according to data from the California Association of Realtors (CAR). Last month’s $815,340 median home price was up by 3% from March’s...
Jeremy Hoffman Named CFO at Zillow Group

Jeremy Hoffman Named CFO at Zillow Group

by Phil Hall | May 19, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Seattle-headquartered Zillow Group Inc. (NASDAQ: Z, ZG) has promoted Jeremy Hofmann to chief financial officer (CFO). Hofmann joined Zillow Group nearly six years ago and most recently served as senior vice president of corporate development and strategy. Prior to...
Survey: Apartment Hunters Place More Emphasis on Their Dogs’ Needs Than Themselves

Survey: Apartment Hunters Place More Emphasis on Their Dogs’ Needs Than Themselves

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

When dog owners are looking for a new apartment, they are less concerned about their needs and more focused on whether their potential residence will accommodate their four-legged companions. According to a survey by Cortland, the multifamily...
Home Sales Continue to Plummet in New York State

Home Sales Continue to Plummet in New York State

by Phil Hall | May 19, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed home sales in New York State fell by 29.6% year-over-year in April, according to new data from the New York State Association of Realtors (NYSAR). April’s 6,944 completed transactions paled in comparison to the 9,857 closed sales in April 2022. Pending sales...
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