RE/MAX National Housing Report: February 2017 Housing Data
The RE/MAX National Housing Report for March 2017: "February home prices reached a new high as steady demand combined with record low inventory drove prices up" was the story of the month.
According to the March 2017 RE/MAX National Housing Report, Active inventory reached a record low for February, dropping 17.9% year-over-year, marking the 100th consecutive month of year-over-year declines dating back to October 2008.
To quote Dave Liniger, Chairman and CEO of RE/MAX: “Inventory, not the rise in interest rates, remains the principal constraint on home sales. The resale market is driven dramatically by the availability of new homes. Most U.S. markets have a … (16 comments)
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