RE/MAX November 2017 National Housing Report: October 2017 Housing Data
The RE/MAX National Housing Report for November 2017: "Nationwide Seller’s Market Reigns as Home Prices Climb" was this month's headline. Despite record low inventory for the month, October home sales increased 2.5% year-over-year and kept 2017 prices ahead of 2016, according to the RE/MAX National Housing Report.
To quote Adam Contos, RE/MAX Co-CEO: “The housing market is steady and at least somewhat predictable with record-low inventory and increasing prices in markets across the country. With job growth and increased household formation, buyers will struggle and may even be priced out of the market until home building catches up.”
RE/MAX June 2017 National Housing Report: May 2017 Housing Data
The RE/MAX National Housing Report for June 2017: "May's brisk home sales set post-recession records," was the story of the month.
According to the June 2017 National Housing Report From Re/MAX: "After a brief dip in April home sales, the U.S. housing market returned to seasonally high sales in May, increasing 20.6% from the previous month and 4.3% from May 2016," was the story of the month.
To quote Adam Contos, RE/MAX Co-CEO: “In May, we saw an uptick of both loan applications and home sales, which is encouraging in terms of more people getting into the market for homes. We don’t … (14 comments)
RE/MAX May 2017 National Housing Report: April 2017 Housing Data
The RE/MAX National Housing Report for May 2017: "The brisk start to the 2017 home-selling season slowed down in April," was the story of the month.
According to the May 2017 RE/MAX National Housing Report, April 2017 home sales were 4.5% lower than one year ago in April 2016 and 4.1% below the figures posted one month earlier in March 2017.
To quote Dave Liniger, Chairman and CEO of RE/MAX: “We may be seeing some frustration from buyers. Inventory is tighter than ever, while strong demand keeps driving up home prices. At the same time, many potential sellers may also be reluctant to list their … (10 comments)
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)
The RE/MAX National Housing Report for January 2017: "US home sales finished strong in 2016" was the story of the month. December 2016 was the best year for U.S. home sales since the recession, according to the January 2017 RE/MAX National Housing Report. Home sales in 2016 were the highest in the housing report’s eight-year history, topping the sales of 2015, the strongest year previously. Nine months out of twelve in 2016 posted sales greater than in the same months of 2015.
To quote Dave Liniger, Chairman and CEO of RE/MAX: “Much like 2015, we saw a mostly healthy housing … (14 comments)
The RE/MAX National Housing Report for December 2016: "November home sales defy seasonal trends" is the story of the month, with home sales up 19.1% despite what is normally considered a slow season for home sales. More homes were sold in November 2016 than any other November on record since RE/MAX began publishing its monthly National Housing Report eight years ago.
To quote Dave Liniger, Chairman and CEO of RE/MAX: “The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales." Over the past 11 months, the majority of markets have seen home prices … (24 comments)
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