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RE/MAX: Home Sales Up for Fifth Straight Month

RE/MAX: Home Sales Up for Fifth Straight Month

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest housing data from RE/MAX (NYSE: RMAX) determined home sales during June were up across the 50 metro areas surveyed by the company. This marked the fifth consecutive month of increased sales. Last month’s sales activity was 1.3% higher compared to May and...
Q2 Home Sales in Texas Up 1.4%

Q2 Home Sales in Texas Up 1.4%

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales across Texas during the second quarter totaled 95,364, a year-over-year uptick of 1.4%. According to data from Texas Realtors, closed sales were up in 16 of the state’s metro areas and down in 10. Statewide, active listings increased 27.8% from the same...
New Legislation Seeks to Address Systemic Bias in Home Appraisals

New Legislation Seeks to Address Systemic Bias in Home Appraisals

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Six Democratic senators have introduced legislation designed to address the potential for systemic bias in the home appraisal process. The Appraisal Modernization Act would require the Federal Housing Finance Agency to publish an online database of property-level...
Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor

Utah Blocks Land Purchase Near Airport by Chinese Defense Contractor

by Phil Hall | Jul 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Utah Gov. Spencer J. Cox announced his administration has stopped an attempted land acquisition near Provo Airport by Cirrus Aircraft, a company that is majority-owned by the defense contractor Aviation Industry Corporation of China (AVIC). A 2023 Utah law prevents...
New Bipartisan Bill Seeks Government Support for ADU Construction

New Bipartisan Bill Seeks Government Support for ADU Construction

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A bipartisan effort is seeking to create a government-backed loan program that will help homeowners fund the creation of accessory dwelling units (ADUs) homes on their properties. The Wall Street Journal reports Rep. Sam Liccardo (D-CA) and Rep. Andrew Garbarino...
Single-Family Housing Starts and Permits Down in June

Single-Family Housing Starts and Permits Down in June

by Phil Hall | Jul 18, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in June were at a rate of 883,000, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 4.6% below the revised May figure of 926,000. Privately-owned housing starts in June were at a...
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