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News Updates

RE/MAX NATIONAL HOUSING REPORT FOR DECEMBER 2024

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December Continues Momentum, Marking Eighth Month of 2024 to Surpass 2023 Sales December became the eighth month of 2024 to top 2023, with home sales up 13.3% over December 2023 and 4.4% above November 2024. The number of homes for sale in the 52 metro markets surveyed remained 22.0% higher year over year but dropped 12.4% from November, reflecting seasonal trends. Additionally, new listings rose 7.5% year over year after a 24.9% drop from

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Home Price Growth Reaccelerates in Fourth Quarter

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Latest FNM-HPI Reading Shows Year-over-Year Increase of 5.8 Percent in Q4 2024 Single-family home prices increased 5.8 percent from Q4 2023 to Q4 2024, an acceleration from the previous quarter’s downwardly revised annual growth rate of 5.4 percent, according to the latest reading of the Fannie Mae (OTCQB: FNMA) Home Price Index (FNM-HPI). The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family

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U.S. FORECLOSURE ACTIVITY DECLINES IN 2024

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Foreclosure Starts and Completions Down from 2023; December 2024 Foreclosure Activity Declines from Previous Month and Year; Q4 2024 Foreclosure Activity Declines from Previous Quarter and Year  ATTOM, a leading curator of land, property data, and real estate analytics, released its Year-End 2024 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 U.S. properties in 2024, down 10 percent from 2023 and down

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Mr. Cooper Group Announces Leadership Transition at Xome

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Mr. Cooper Group Inc. (NASDAQ: COOP) announced today that Mike Rawls, Chief Executive Officer of Xome®, plans to retire effective June 30, 2025, and Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition. “Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become

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Realtor.com® Forecasts the 10 Best Markets for First-Time Homebuyers in 2025

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Homeowner Newbies Should Put Harrisburg, PA, at the Top of their Search List For first-time homebuyers, the Mid-Atlantic and Florida are the best places to kickstart their home ownership journey in 2025. That’s according to the 2025 Realtor.com® Best Markets for First-Time Homebuyers report, which ranked Harrisburg, Penn., as No. 1 followed by Rochester, N.Y., Villas, Fla., Lauderdale Lakes, Fla., Altamonte Springs, Fla., Lansing, Mich., North Little Rock, Ark., Baltimore, Tonawanda, N.Y., and Wilmington, Del. “Last year saw historically low activity for first-timers, with the group accounting for only

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Bright MLS December 2024 Housing Report: Buyers Rush to Close on Home Purchases at the End of the Year

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However, a record low number of sellers listed their home in December Home sales activity surged across most of the Bright MLS service area in December. While transactions are still low by historic standards, the number of closed sales was much higher than in December 2023. Closed sales also increased by 4.2% from November. In December, the number of new pending contracts was also higher, with 2.1% more pending sales in December

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