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RE/MAX: Home Sales Down While Inventory Grows

RE/MAX: Home Sales Down While Inventory Grows

by Phil Hall | Nov 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

October’s home sales were down 4.6% from September and down 8.7% from one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). Last month’s median sales price of $410,000 held steady from the prior month and was 2.8% above the October 2022 level. Homes sold...
NAR’s Yun: 15% Spike in Home Sales Coming Next Year

NAR’s Yun: 15% Spike in Home Sales Coming Next Year

by Phil Hall | Nov 15, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. home sales will likely decline by 18% this year, compounding a 17% reduction from last year – but next year should see a 15% increase in sales activity, according to a forecast from National Association of Realtors (NAR) Chief Economist Lawrence Yun. Speaking at...
S&P CoreLogic Case-Shiller: Home Prices Continue to Rise

S&P CoreLogic Case-Shiller: Home Prices Continue to Rise

by Phil Hall | Oct 31, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 2.6% annual change in August, up from a 1% change in the previous month. The 10-City Composite showed an increase of 3%, up from a 1% increase in the previous month, while the 20-City...
Hits and Misses for the Real Estate Week of Oct. 23-27

Hits and Misses for the Real Estate Week of Oct. 23-27

by Phil Hall | Oct 27, 2023 | Commercial Real Estate News, Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

A September of home sales, overseas central banks pausing their rate hikes and Jamie Dimon’s decision to sell his JPMorgan shares. From the wild and wooly world of real estate, here are the hits and misses for the week of Oct. 23-27. Hit: Score One for Resiliency....
Q3 Home Prices in Texas Down 1.5% From One Year Earlier

Q3 Home Prices in Texas Down 1.5% From One Year Earlier

by Phil Hall | Oct 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median price of homes sold in Texas during the third quarter was $340,000, a 1.5% tumble from $345,000 one year earlier, according to new data from Texas Realtors. There were 87,877 closed home sales in Texas during the third quarter, a 9.8% year-over-year decline...
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