Posts by John Yellig

RE/MAX: Home sales, prices decline in August
RE/MAX: Home sales, prices decline in August

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000, according to the...

NAR sues DOJ after the department withdraws from antitrust settlement
NAR sues DOJ after the department withdraws from antitrust settlement

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate...

New-home sales plummet in July
New-home sales plummet in July

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban...

Existing-home sales rise again in July
Existing-home sales rise again in July

"Much of the home-sales growth is still occurring in the upper-end markets, while the mid- to lower-tier areas aren't seeing as much growth because there are still too few starter-homes available." — NAR chief economist Lawrence...

New-home construction falls in July
New-home construction falls in July

"The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline." — First American deputy chief economist Odeta...

Housing affordability hits 10-year low
Housing affordability hits 10-year low

Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity...

@properties moves into Indianapolis with new franchise
@properties moves into Indianapolis with new franchise

The Indianapolis-based firm will rebrand as @properties in the next 60...

Realtor survey shows importance of tech in pandemic
Realtor survey shows importance of tech in pandemic

Looking forward, 37% of the survey's respondents expect drones to be the most-impactful technology over the next 24 months, followed by cyber security (34%), 5G (31%) and virtual reality...

RentPath names new CEO after Redfin takeover
RentPath names new CEO after Redfin takeover

The new executive joins RentPath from ParkMobile, which provides an app to help drivers pay for metered parking...

New-home sales fall 6.6% in June
New-home sales fall 6.6% in June

The U.S. Census Bureau and the Department of Housing and Urban Development reported that the median sales price slid to $361,800 from $380,700 in...

[gravityform id="3" title="true" description="false" ajax="true"]