While June’s rental prices were the highest since 2005, July’s numbers set new records yet again. According to the latest Single-Family Rent Index report from CoreLogic released on Tuesday, rent for a single-family home increased by 8.5 percent y...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-09-27 11:39:20

Despite the ongoing coronavirus pandemic and the looming autumn season, a new report from real estate tech firm MoxiWorks suggests home sales will remain strong during the next month and a half. The report indicates that in September of this year,...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-24 11:30:14

For the first time since the pandemic-fueled housing boom began, fewer homes sold in the month of August than in the same period the previous year. Home sales dropped 1.4 percent from July to August on a seasonally adjusted basis, ending up 6 perc...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-23 09:32:49

Rates for 30-year loans that have remained almost eerily stable for weeks posted yet another period of minimal change, according to results from Freddie Mac’s latest lender survey. Uncertainty over the trajectory of the coronavirus and its impac...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-09-22 09:25:56

It’s not the most lucrative time to flip houses, but that’s not stopping investors from getting back in the game. Profit margins on home flips in the second quarter of the year hit their lowest point since 2011, a time when the market had yet...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-2110:07:45

After a year of downward action, foreclosure rates have hit a historic 22.5-year low: 0.2 percent. Total delinquency rates fell to 4.4 percent in June, down 2.7 percentage points from last year, according to data released Tuesday from property ana...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-20 10:26:05

Nearly half of American employees want to work from home exclusively, a trend that could have broad implications for the nation’s housing market depending on how many employers follow suit. A new Zillow survey of U.S. workers found that 44 perce...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-17 10:22:48

Prices for a broad range of construction materials dropped in August for the first time this year, signaling at least a momentary reprieve from the conditions that had been driving them to astounding new heights each month. The Bureau of Labor Sta...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-09-16 09:21:11

Even with cities beginning to reopen after nearly two years of uncomfortable pandemic conditions, demand for suburban homes continues to thrive, luring urban dwellers with a desire for more space even as prices in many cases now approach those in nea...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-09-15 08:18:43

The past year has been a double-edged sword for homebuyers as they’ve struggled to take advantage of record-low mortgage rates in the midst of record-high home price growth. However, there’s a silver lining for bidding-war-weary buyers, according...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-09-14 10:04:46

When it comes to home renovation, it’s hard to decide which project to prioritize and what will most impact the value of your home. A recent study reports that 86 percent of home buyers want garage storage space. If you’re looking to sell your ho...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-13 10:54:23

In what could be a preview of what’s in store if mortgage rates continue to rise, demand for purchase loans remains subdued compared to a year ago, as rates on 30-year fixed-rate loans continue to hover above 3 percent. The Mortgage Bankers Asso...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-10 11:41:17

Home price growth in July soared a record-shattering 18 percent year over year, marking a decades-long high watermark and signaling that a cool-down period remains distant, according to data released Tuesday by CoreLogic. The leap in home price gr...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-09 11:12:09

Metro Denver’s residential market report for August 2021 showed a slowdown in inventory while still being a good time for burnt-out buyers to re-enter the market as the seasonality trend continues for the area, according to the Denver Metro Associa...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2021-09-08 17:30:53

Pending home sales saw a slight slump in July, dropping 1.8 percent to a Pending Home Sales Index (PHSI) of 110.7, according to the National Association of Realtors’ (NAR) Pending Homes Sales Report. The dip marks the second month in a row in wh...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-07 16:21:01

Homebuyer interest in relocating to a new city continued to drop in July after peaking in the first quarter of the year, but three Florida cities bucked the trend. The Seattle-based brokerage said in a new report that just under 30 percent of its ...

Posted by: RE/MAX Masters Millennium
Category: Real Estate
Date: 2021-09-03 11:37:49