The housing market recorded its first month-over-month decline in the median sales price this year, according to data published by RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). Across the 51 metro areas surveyed for its report, RE/MAX found the median...
Million-dollar homes have become more commonplace than ever before, as new data from Redfin (NASDAQ:RDFN) determined nearly one in 10 (8.5%) homes are worth $1 million or more, a record high. The current figure is up 7.6% year-over-year and more than double the 4%...
Single-family housing starts in July were at a rate of 851,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This marked a 14.1% drop from the revised June figure of 991,000. Privately-owned housing starts in...
Investor purchases of homes shout up by 3.4% year-over-year in the second quarter, according to new data from Redfin (NASDAQ:RDFN). This marked the largest increase since the second quarter of 2022. Investors acquired $43 billion worth of homes in the second quarter,...
Foreign buyers are pulling back from the Texas housing market, according to new data from Texas Realtors. Between April 2023 and March 2024, approximately 6,900 buyers from other countries purchased Texas residential properties. This represented a 30% decline from the...
The August edition of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reached its lowest reading since last December with a 39 reading, down two points from a downwardly revised reading of 41 in July. The HMI index charting...
