• Brand Report: Home Sales Decline 1 Percent as Inventory, Prices Level Out

    2 monthes ago - By RIS Media

    August home sales declined 1 percent, according to the latest RE/MAX National Housing Report, which found increasing home prices, low inventory and a reduction in days on market. These combined factors made August 2018 the sixth time this year that home sales lagged behind last year's pace, but only slightly, at -1.1 percent.
    “It varies by market, but we're hearing that buyers are being more selective and sellers are becoming more pragmatic,” says Adam Contos, CEO of RE/MAX. “That dynamic could bring inventory levels up, especially in the most overheated markets, where we expect to see the...
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  • No Gain, No Loss: Existing-Home Sales Stabilize

    No Gain, No Loss: Existing-Home Sales Stabilize

    2 monthes ago - By RIS Media

    August existing-home sales stabilized, ending a regressive streak, the National Association of REALTORS® reports. At 5.34 million, activity neither decreased nor increased from July, but was down 1.5 percent from the prior year. Inventory month-over-month also steadied, at 1.92 million-a jump from 1.87 million the prior year.
    Activity was carried by the Midwest and Northeast, rising 2.4 percent to 1.28 million and 7.6 percent to 710,000 in the regions, respectively. The median in the Midwest was $208,500, while the median in the Northeast was $292,800. Activity lost momentum in South and...
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