• Brand Report: Home Sales Increase 2.3 Percent Despite Peaking Prices, Ever-Shrinking Inventory

    5 monthes ago - By RIS Media

    Home sales increased 2.3 percent year-over-year in April 2018 in the face of record-low inventory, according to the May RE/MAX National Housing Report.
    “If 2018 is like recent years, we're only two months away from home prices peaking-we're already seeing some impressive prices moving up in markets throughout the U.S.,” says Adam Contos, CEO of RE/MAX. “As we head into summer, we'll watch several housing markers like home starts, mortgage applications and sales price to gauge the effect they'll have on inventory across the country.
    “The good news is that the rate of sales helps accommodate...
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  • Midyear Update: Flat Forecast for Home Sales This Year

    Midyear Update: Flat Forecast for Home Sales This Year

    5 monthes ago - By RIS Media

    For the foreseeable future, the housing market will be plagued by scarce supply, according to presenters at the 2018 REALTORS® Legislative Meetings & Trade Expo, held recently in Washington, D.C.
    With the economy and employment encouraging growth, home sales will be subdued, though still on an uphill track, according to National Association of REALTORS® Chief Economist Lawrence Yun, who discussed the market during the Residential Economic Issues and Trends Forum. A forecast by Yun projects 5.6 million sales in 2018-a 1.8 percent increase-and another 5.7 million in 2019. Home sales were up...
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