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New Report Highlights Multiple Obstacles Facing First-Time Canadian Homebuyers

by Phil Hall | Feb 12, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

First-time Canadian homebuyers are facing steep obstacles in price appreciation, rapid population growth, and a limited supply of affordable housing stock, according to the newly published RE/MAX Canada’s Nation of Renters Report. The report stated the erosion...
Mid-Atlantic Home Sales Up in January

Mid-Atlantic Home Sales Up in January

by Phil Hall | Feb 11, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mid-Atlantic region recorded a total of 13,117 transactions closed in January, up 8.5% increase from one year earlier, while the total of 14,971 new pending sales in January was down 5.2% from one year ago, according to data from Bright MLS. Showing activity was...
Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home

by Phil Hall | Feb 10, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 15% of California homebuyers could afford to purchase a median-priced, existing single-family home in the state during the fourth quarter of 2024, according to the latest data from the California Association of Realtors’ Housing Affordability Index. This is down...
Nearly 90% of Metro Areas Recorded Q4 Home Price Gains

Nearly 90% of Metro Areas Recorded Q4 Home Price Gains

by Phil Hall | Feb 6, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The fourth quarter of 2024 saw home price increases in 89% (201 out of 226) of metro markets, according to the National Association of Realtors (NAR), with 14% of the metro areas posting double-digit price gains over the same period, up from 7% in the third quarter....

Toronto Home Sales Down in January While New Listings Expand

by Phil Hall | Feb 6, 2025 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

A total of 3,847 homes were sold in the Greater Toronto Area (GTA) through the Toronto Regional Real Estate Board’s (TRREB) MLS System in January, down by 7.9% from the 4,177 transactions recorded in the same period last year. Although sales activity was down, new...
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