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RE/MAX NATIONAL HOUSING REPORT FOR MARCH 2025

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March Home Sales Jump 23% over February as Inventory Mounts, Prices Rise March, a pivotal month in the seasonal ramp-up of home sales toward the peak summer selling months, did not disappoint. March sales increased 23.0% over February, marking the largest month-over-month sales increase since 37.4% in March 2023. Compared to March 2024, however, sales were down 1.4%. The surge in month-over-month sales across the 50 metro areas surveyed may have been

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Home values flatten as sellers outnumber buyers

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Buyers wrestling with economic turmoil and affordability challenges were less motivated by lower rates in March Home price growth paused and inventory swelled during what is typically one of the most competitive home shopping months of the year, according to Zillow’s latest market report1. That’s despite mortgage rates reaching a 2025 low in March.  “More sellers came out to test their luck as rates ticked down in March, but home sales

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AVERAGE PROPERTY TAX AMOUNT ON SINGLE-FAMILY HOMES UP 2.7 PERCENT ACROSS U.S. IN 2024

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Home Values Rose and Effective Tax Rates Fell; The Average Single-Family Home Property Tax Bill Rose 3 Percent, to $4,172; Highest Tax Rates Remain in the Northeast and Midwest ATTOM, a leading curator of land, property data, and real estate analytics, released its 2024 property tax analysis for 85.7 million U.S. single-family homes, which shows that $357.5 billion in property taxes were levied on single-family homes in 2024, down 1.6 percent from 2023.

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REAL ESTATE INVESTOR OPTIMISM DROPS TO LOWEST LEVEL IN TWO YEARS

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Deteriorating market conditions, recession concerns, and uncertainty about the impact of Trump tariffs and mass deportations dampen investor outlook Real estate investor sentiment fell for the second consecutive quarter, down by nine points from the prior quarter and 12 points from a year ago. The quarterly score of 88 was the lowest level recorded in the RCN Capital/CJ Patrick Company Investor Sentiment Index™ since it began in the Fall of

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Homeowners Need to Earn Over $50,000 More Than Renters to Afford Monthly Payments—And the Gap is Widening

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Americans need an annual income of $117,000 to afford the typical home for sale, 82% more than they need for the typical rental Americans need to earn $116,633 per year to afford the median priced home for sale, 81.8% more than the $64,160 needed to afford the typical apartment for rent. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Last year, someone needed to earn $110,808

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SmartRent Announces CEO Resignation

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Shane Paladin Steps Down as President and CEO and Resigns from Board Chairman John Dorman Named Interim CEO SmartRent, Inc., the leading provider of smart communities and smart operations solutions for the rental housing industry, announced that, at the request of the Board of Directors, Shane Paladin has stepped down from his positions as President and CEO, and resigned from the Board, effective immediately. John Dorman, Chairman of the Board,

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