Sat.Jul 06, 2024

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Brokerage Beat: News from RE/MAX, ERA, Sotheby's Realty, Christie's RE

Real Estate News

RE/MAX gains another large Ontario firm; ERA Prime acquires Michigan indie; Sotheby's Realty expands in the Central Valley; Christie's RE grows in Belgium.

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The housing market is better positioned for lower mortgage rates

Housing Wire

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes.