RE/MAX: June Home Sales Amid Strong Home Buyer Demand

Despite record low inventories, RE/MAX, Denver said June home sales posted a solid 37 percent gain as more states loosened stay-at-home mandates stemming from the coronavirus pandemic.

May Existing Home Sales Down Nearly 10%–But Analysts See Upside

Existing home sales fell by nearly 10 percent in May from April—the third consecutive monthly decline in the wake of the coronavirus outbreak—the National Association of Realtors reported yesterday. But analysts saw positive signals despite the drop, as first-time buyer and Millennial demand showed signs of intensifying.

February New Home Sales Meet Expectations, Pre-Coronavirus

February new home sales dipped a bit, HUD and the Census Bureau reported yesterday. Sales of new single-family houses came in at a seasonally adjusted annual rate of 765,000, down by 4.4 percent from the revised January rate of 800,000, but 14.3 percent higher than a year ago (669,000).

Zillow: Home Value Growth Ends 21-Month Slowdown

First the good news: Zillow, Seattle, reported after a nearly two-year slowdown, year-over-year home value growth rose in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow Real Estate Market Report.