Real Estate

RE/MAX finishes the summer strong

RE/MAX closed the 2013 summer selling season strong, with home sales and prices drastically higher when compared to year ago levels.

In addition, August marked the nineteenth month in a row in which both metrics were higher when compared to the previous month and year ago levels.

August home sales were up 6.5%, while the median price of $188,450 was 12.9% higher than August 2012 levels.

Furthermore, the rate of inventory decline from last year was 17.4%, less than the 20.7% decline observed in July. 

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Caliber Home Loans CEO Sanjiv Das steps down

Sanjiv Das, CEO of Caliber Home Loans, is stepping down as CEO of the company, less than one year after New Residential Investment Corp. (Newrez) acquired the mortgage lender and servicer, sources familiar with the situation confirmed. 

3d rendering of a row of luxury townhouses along a street

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