Markets & Economy

Real estate market recap, June 22-26

The big news in real estate markets, recapped for your convenience

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Re/Max's National Housing Report showed: Inventory of homes for sale increased by 0.4 percent in comparison to April 2015. The average days on the market for a home stood at 64 days. Inventory in the 53 metros surveyed are still 11.7 percent below the level of one year ago. National Association of Realtors on international homebuyers: Canadian buyers acquired $11.2 billion of residential real estate spanning April 2014 to March 2015. This represents a $2.6 billion decrease in volume when compared to the previous 12-month period -- where Canadian investors contributed $13.8 billion. Roughly 41 percent of purchases made were in Florida, with 16 percent in Arizona.'s "nowcast": Existing-home sales for the month of June will fall between seasonally adjusted rates of 5.4 million and 5.74 million annual sales That’s an increase of 4.1 percent from May 2015, and an 11.2 percent increase from the same period last year