Welcome to my March housing trends newsletter! This newsletter includes national and local housing information that I hope you find useful. Whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general, I think you’ll find some great resources here! Contact me anytime with questions.
National market update
WASHINGTON (March 23, 2015) – Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors®. Read more
The spring home-buying boom is underway, and this year buyers in some markets will face an increased amount of competition due to low housing inventory. In fact, the most recent existing-home sales report from the National Association of REALTORS® cautions that “Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices.” Read more
National economic indicators
The homeownership rate in the fourth quarter 2014 was 64.0 percent, down 1.2 (+/- 0.4) percentage points from the fourth quarter 2013 rate of 65.2 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the fourth quarter 2013, while the rate in the West was not statistically different from the rate a year ago.
New home sales
Sales of new single-family houses in February 2015 were at a seasonally adjusted annual rate of 539,000. This is 7.8 percent (+/- 15.2%)* above the revised January 2015 estimate of 500,000.
Source: U.S. CENSUS BUREAU
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Regional market updates
Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states.
Local Prices & State Sales
Consumer tips and hot properties
Where America’s Affordable Homes Are—and Aren’t—in 2015
Our team crunched the numbers and created color-coded maps showing where homes are most and least affordable.
Is Spring the Best Time to Buy?
It’s the most popular season to buy a home, but you might be better off waiting.
At an Open House, Open Up
When you’re checking out someone’s home, don’t be shy when the broker asks for feedback–you can all benefit.
Kick Back in One of These Affordable Homes in the 25 Best Cities for Retirement
If you’re looking to settle down in one of these big cities or off-the-beaten-path towns, we’re here to help. Read more
In Priciest U.S. Cities, Mortgage Affordability Seems Bad—but It’ll Get
Realtor.com’s first Mortgage Affordability Report pulls data from the 25 largest housing markets in the U.S. for a picture of what Americans can afford in terms of buying or renting a home. Read more
Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
- Housing Affordability Index
- National Existing Home Sales
- National Sales Price of Existing Homes
- Single-family Home Prices
- Condo/Co-op Prices
- Existing Home Sales
- Sales Price of Existing Homes
- Existing Single Family Home Sales
- Sales Price of Existing Single-Family Homes
- Existing Condo/Co-op Sales
- Sales Price of Existing Condo/Co-op Homes
Source: NATIONAL ASSOCIATION OF REALTORS®.