Happy June! Here is my housing trends newsletter with May statistics. This newsletter includes national and local housing information that I hope you find useful. Please feel free to contact me with questions 858.376.7117 or firstname.lastname@example.org.
National Market Update
Existing-Home Sales Lose Momentum in April
WASHINGTON (May 21, 2015) — Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced sales declines in April. Read more
Owners Place High Value on Good Yards
Don’t underestimate the importance of a beautiful yard to home owners and their neighbors. 84 percent of adults say that the quality of a home’s landscape and yard would affect their decision on whether to purchase a home or not, according to a new survey of more than 2,000 adults conducted by the National Association of Landscape Professionals. Read more
National Housing Indicators
Existing home sales (May) 5.04 millions units*
Existing home median price (May) $219,400
Housing Starts (May) 11.35 millions units*
New home sales (May) 4.81 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National Economic Indicators
The homeownership rate in the first quarter 2015 was 63.7 percent, down 1.1 (+/- 0.4) percentage points from the first quarter 2014 rate of 64.8 percent. The homeownership rates in the Northeast, South and West were lower than the rates in the first quarter 2014, while the rate in the Midwest was not statistically different from the rate a year ago.
New home sales
Sales of new single-family houses in March 2015 were at a seasonally adjusted annual rate of 481,000. This is 11.4 percent (+/- 18.6%)* below the revised February 2015 estimate of 543,000.
Regional Market Updates
Click on the links below to information on local prices & state sales from any of 150 metropolitan housing markets prepared by the National Association of REALTORS®.
Local Prices & State Sales
Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
Statistics by City or Metropolitan Area
- 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®.
Consumer Tips & Hot Properties
Realtor.com did a (virtual) gut reno, check out their new and more beautiful site. Read more
Today’s new-home buyers want more practical features: laundry rooms, Energy Star appliances, and–be still our beating hearts!–programmable thermostats. So long, sexy luxury features. Read more
If your home gets multiple offers, don’t just jump at the highest. Read more
We crunched the numbers to pinpoint 10 American cities where owning a home really makes financial sense. Read more
Is a mortgage lender taking you for a ride? The government has issued new warnings to protect you. Read more