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RE/MAX: Spike in New Listings Drive Up April Home Sales

RE/MAX: Spike in New Listings Drive Up April Home Sales

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales during April were up 11.2% from March and up 9% from one year earlier, according to new data from RE/MAX (NYSE:RMAX). The new data reverses the trend of the last two years when April recorded year-over-year sales declines – an 11.2% drop in 2022 and a 29.5%...
Single-Family Housing Starts Down Slightly in April

Single-Family Housing Starts Down Slightly in April

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in April were at a rate of 1.031 million in April, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.4% below the revised March figure of 1.035 million. Privately‐owned housing...
Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century

Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century

by Phil Hall | May 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The childhood home of National Review founder and influential conservative commentator William F. Buckley Jr. has been listed for the first time since 1923 for $5.5 million. According to a Mansion Global report, the property known as Great Elm in the town of Sharon,...
Real Estate Investors Snagged 19% of Q1 Home Sales

Real Estate Investors Snagged 19% of Q1 Home Sales

by Phil Hall | May 15, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investors purchased approximately 44,000 homes during the first quarter, up 0.5% from one year ago, according to new data from Redfin (NASDAQ: RDFN). And while the uptick is relatively mild, it marks the first increase since the second quarter of 2022....
Builder Confidence Down for First Time in Six Months

Builder Confidence Down for First Time in Six Months

by Phil Hall | May 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest National Association of Home Builders (NAHB) / Wells Fargo (NYSE:WFC) Housing Market Index (HMI) found builder confidence in the market for newly built single-family homes at the level of 45 in May, down six points from April for the index’s first...
Foreclosure Activity Down in April

Foreclosure Activity Down in April

by Phil Hall | May 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 31,649 residential properties carried foreclosure filings in April, down 4% from both the previous month and the previous year, according to data from ATTOM. Nationwide one in every 4,453 housing units had a foreclosure filing in April. The states with the...
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