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RE/MAX: Home Sales Soar 17%

RE/MAX: Home Sales Soar 17%

by Phil Hall | Mar 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in February recorded a 17% upswing from January and a 2.3% uptick from one year earlier, according to new data from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). “The February jump in sales activity illustrates the strength of demand in...
FHA Raises Loan Limits for Manufactured Homes

FHA Raises Loan Limits for Manufactured Homes

by Phil Hall | Mar 19, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) announced new loan limits for its Title I Manufactured Home Loan Program, which marks the first time since 2008 that the loan limits are being increased. Effective for FHA case numbers assigned on or after March 29, the new...
Single-Family Housing Starts Jump by 11.6%

Single-Family Housing Starts Jump by 11.6%

by Phil Hall | Mar 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in February were at a rate of 1.12 million, according to new data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. This is 11.6% above the revised January figure of 1.01 million. Privately‐owned housing...
A Phil Hall Op-Ed: X Marks the NAR Settlement Spot

A Phil Hall Op-Ed: X Marks the NAR Settlement Spot

by Phil Hall | Mar 18, 2024 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Following Friday’s announcement of the National Association of Realtors’ (NAR) $418 million settlement of the Sitzer/Barnett lawsuit and its pledge to change its commission structure in the home sale process, a lot of people had the overwhelming urge to voice their...
Builder Confidence at Highest Level in Eight Months

Builder Confidence at Highest Level in Eight Months

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes climbed three points to 51 in March, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This is the highest level since July 2023, as...
Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million

by Phil Hall | Mar 18, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Billionaire tech investor Marc Andreesen has listed his mansion in the ultra-upscale town of Atherton, California for $33.3 million. The Wall Street Journal reported that Andreessen – who co-founded Netscape and whose venture-capital firm Andreessen Horowitz were...
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