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Existing Home Sales Drop in March

Existing Home Sales Drop in March

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

Existing home sales tanked in March, according to data from the National Association of Realtors (NAR). Last month, total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – declined by 4.3% from February...
RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales

RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales

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

Home sales in March increased 21.6% over February, according to new data from RE/MAX LLC, which attributed this spike to a 20.9% increase in new listings that resulted in a 7.7% expansion in inventory. “As we move into what is normally the prime homebuying...
Mortgage Application Activity Rises Again

Mortgage Application Activity Rises Again

by Phil Hall | Apr 17, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity picked up for the week ending April 12, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.3% on a seasonally adjusted basis from...
Housing Starts Plummet by 12.4%

Housing Starts Plummet by 12.4%

by Phil Hall | Apr 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single‐family housing starts in March were at a rate of 1.02 million, according to new data from the U.S. Census Bureau and Department of Housing and Urban Development. This is 12.4% below the revised February figure of 1.16 million. Privately‐owned housing starts in...
Maryland Home Sales Down Nearly 14%

Maryland Home Sales Down Nearly 14%

by Phil Hall | Apr 16, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sales in Maryland declined year-over-year by 13.9% last month, according to new data from Maryland Realtors. During March, a total of 5,104 units were sold in the state, down from 5,929 in March 2023. Although pending sales inched up by 2.9% during March from one...
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