We hope you had an enjoyable holiday break. Here is a summary of some reports that came out over the holidays:
Tag: RE/MAX
RE/MAX: October Homes Sales at Fastest Pace in a Decade
RE/MAX, Denver, said for the first time since 2009, homes sold faster in October than the preceding summer peak season.
Housing Market Roundup
It’s been a busy week here, with the Mortgage Bankers Association’s Annual Convention & Expo wrapping up. Here is a summary of some key housing market reports that took place over the past week. A major theme: tremendous housing market resiliency amid continued economic turmoil.
RE/MAX: ‘Blistering Hot” Housing Market Sets August Records
The RE/MAX August National Housing Report cited records for lowest inventory as well as highest median sales price. Home sales rose by 4.3% and marked the third-highest total in the report’s 13-year history covering 53 metro markets.
RE/MAX: July Home Sales Show Reversal of Pandemic Slowdown
Despite a limited supply of homes for sale across most metros in the U.S., July home sales continued a recent month-over-month incline, said RE/MAX, Denver.
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.
RE/MAX: Home Sales Fell in May Amid Pandemic
Despite a rosier report this week from HUD and the Census Bureau, which reported a 16.6 percent increase in May new home sales, the overall home market suffered a bit, according to RE/MAX, Denver, which reported “muted” home sales activity in May.
Home Prices Rising Despite Coronavirus
Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase.
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).
Redfin: U.S. Home Prices Up 7% in December; RE/MAX: ‘Record’ Finish to 2019
Redfin, Seattle, said U.S. home-sale prices increased by 6.9% year over year in December to a median of $312,500. In a separate report, RE/MAX, Denver, said December posted a record finish to the year and decade