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Existing Home Sales Drop While Prices Keep Rising

Existing Home Sales Drop While Prices Keep Rising

by Phil Hall | Sep 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Existing home sales in August were down 0.7% from July to a seasonally adjusted annual rate of 4.04 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 15.3% from the 4.77 million recorded in August 2022. While...
RE/MAX: August Home Sales Up 7.4% From July

RE/MAX: August Home Sales Up 7.4% From July

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

August’s home sales were up 7.4% from July but were down 13.1% from August 2022, according to new data from RE/MAX (NASDAQ:RMAX). Of the 50 metro areas surveyed by RE/MAX, only two markets recorded a year-over-year sales increase: Bozeman, Montana, at 12% and Dover,...
1 in 8 San Francisco Homeowners Lose Money in Sale

1 in 8 San Francisco Homeowners Lose Money in Sale

by Phil Hall | Sep 11, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A home seller in San Francisco is four times more likely to take a loss on their transaction compared to the average U.S. home seller, according to new data from Redfin (NASDAQ:RDFN) that determined the typical Bay Area seller sells their home for $100,000 less than...
Home Buyers of America Expands into Connecticut

Home Buyers of America Expands into Connecticut

by Phil Hall | Sep 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

House Buyers of America, a high-tech platform that buys homes for cash without charging commissions or fees, has expanded its operations into Connecticut. “The Connecticut expansion was the next natural direction in our growth trajectory,” said Nick Ron, CEO of House...
RE/MAX: July Home Sales Down 14.7% From June

RE/MAX: July Home Sales Down 14.7% From June

by Phil Hall | Aug 18, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in July were down by 14.7% from June and down by 16.1% compared to one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). This marked the first time since April that month-over-month sales recorded a decline. “The market is playing out...
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