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Housing Trends Newsletter – July 2015

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National market update

Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak

WASHINGTON (July 22, 2015) — Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.Read more

3 Reasons Why It’s a Great Time for Sellers

Rising home prices, demand from home buyers, and less competition is making 2015 a stellar year to sell for many U.S. home owners across the country, says Daren Blomquist, RealtyTrac’s vice president.Read more

National housing indicators

Existing home sales (July) 5.49 millions units*

Existing home median price (July) $236,400

Housing Starts (July) 1.174 millions units*

New home sales (July) 0.546 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

New home sales

Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000. This is 6.8 percent (+/- 12.5%)* below the revised May 2015 estimate of 517,000.

Source: U.S. CENSUS BUREAU

Regional market updates

View market statistics for your region.

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 prepared by Clarus MarketMetrics.

Local Prices & State Sales

Consumer tips & hot properties

 8935 Unexpected Lessons When Buying a Home (From People Who’ve Done It Before) You never forget your first time… buying a house. Here’s what took us by surprise in the whole complicated process. Read more

 

894Dirty Secrets: 9 Things Your Landscape Designer Wishes You Knew For an outdoor oasis that is so you, make sure you know these 9 secrets (hint: designers don’t just do flowers). Read more

 

Lower Your Property Taxes Now: Here’s How to File a Winning Appeal Think you’re paying too much? Maybe you are! Appealing your assessment can really pay off. Read more

 

896How to Find a Home Inspector Who Will Change Your Life. Really! A New York transplant who bought a home in Southern California tells the story of searching for—and finding—the best home inspector of all time. Here’s how you can find your own home-inspecting hero. Read more

897This Secret-Room Fad Is Kind of a Mystery Doors in disguise and hidden rooms are in demand, and even designers aren’t sure why. Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

National Statistics

Statistics by City or Metropolitan Area

Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.

 

Housing Trends Newsletter – June 2015

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National Market Update

Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return

WASHINGTON (June 22, 2015) — Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors®. Led by the Northeast, all major regions experienced sales increases in May.
Read more

Midyear Report: The Housing Market Is on Track for Its Best Year Since 2006 (and It Ain’t a Bubble)

As we approach the midpoint of 2015, the residential real estate market is on track for its best year since 2006, the peak of the housing bubble. (This time, though, it’s no bubble.)
Read more

 

National housing indicators

Existing home sales (June) 5.35 millions units*

Existing home median price (June) $228,700

Housing Starts (June) 10.36 millions units*

New home sales (June) 5.17 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

 

National economic indicators

Home ownership

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 May 2015 were at a seasonally adjusted annual rate of 546,000. This is 2.2 percent (+/- 16.7%)* above the revised April 2015 estimate of 534,000.

Source: U.S. CENSUS BUREAU

Regional market updates

View market statistics for your region.

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 prepared by Clarus MarketMetrics.

Local Prices & State Sales

See more

Consumer tips & hot properties

   886$217,726: That’s What You’ll Save (Give or Take) If You Buy a Home Now

You probably know it’s better to buy than rent, but our data team calculated just how much you can save over 30 years: more than $200,000. With home prices rising, the time to buy is now. Read more

887What Plumbers Wish You Knew

Know the deal, and you can avoid a misunderstanding—or even a crisis. Read more

 

888How to Sell a Home in Just 5 Days

It helps if you’ve got a modernist masterpiece, but it helps more to take a creative approach to marketing. Read more

889I Hate the Open-Plan Kitchen—and Amazingly, I’m No Longer the Only One

Everyone loves an open kitchen–except for a growing number of home cooks who want a whole room to themselves. Read more

890Roomie Wanted—How Do I Choose From 100+ Desperate Applicants?

When one writer posted a new-roommate ad, she was inundated by emails from over 100 applicants—including whole families and retirees. Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

National Statistics

Statistics by City or Metropolitan Area

Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.

Housing Trends Newsletter – May 2015

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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 janai@bentleysd.com.

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

Home ownership

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.

National Statistics

Statistics by City or Metropolitan Area

Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.

 

Consumer Tips & Hot Properties

janai bashore realtorWelcome to the New realtor.com!

Realtor.com did a (virtual) gut reno, check out their new and more beautiful site. Read more

 

 

janai bashore realtorThe Walk-In Closet Is the New Outdoor Kitchen

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

janai bashore realtorSo, You Started a Bidding War. How Do You Pick the Best Offer?

If your home gets multiple offers, don’t just jump at the highest. Read more

 

janai bashore realtorWhere Is It Much Cheaper to Buy Than Rent?

We crunched the numbers to pinpoint 10 American cities where owning a home really makes financial sense. Read more

 

 

janai bashore realtorA Plain English Guide to Avoiding the Most Common Mortgage Scams

Is a mortgage lender taking you for a ride? The government has issued new warnings to protect you. Read more

Housing Trends Newsletter – April 2015

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The year is flying by! Here is my April housing trends newsletter. This newsletter includes national and local housing information that I hope you find useful. Please feel free to contact me with questions.

National Market Update

WASHINGTON (April 22, 2015)—Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors®. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace. Read more

Wealthy buyers typically look to leisure-rich hotspots such as Hawaii and Florida for second homes, which they often buy into once they retire. But that’s changing, according to 2015 Luxury Market Report from the Coldwell Banker Previews International program. Read more

National Economic Indicators

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.

Source: U.S. CENSUS BUREAU

Regional Market Updates

Market statistics for your region

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 & hot properties

Untitled1No, This Is Not a Housing Bubble Home prices are soaring across the nation, but this isn’t 2008 all over again. Read more

 

 

Untitled2Open Houses Are Kinda Like First Dates: Here’s How to Know If They’re The One House hunting is as emotional, exhausting, and all-consuming as dating, and it all begins at the open house. Here’s how to fall in love like a pro. Read more

 

Untitled3Solar Panels Are Cheaper Than Ever, So Why Aren’t You Getting Them? Now that you can lease a solar power system for no money down, there’s no reason to keep paying conventional prices. Read more

 

Untitled4Relocating to an Unfamiliar Area? Here’s How to Get Your Bearings If you’re moving across country–or even across town–you’ll need to do some serious recon. Read more

 

Untitled5A Brief History of Opening Our Homes to Total Strangers (aka the Open House) How did weekend open houses become a standard in American real estate? Was there ever a time when they didn’t exist? Whose idea was it anyway? Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

National Statistics

Regional Statistics

***How much is your home worth? Get a real-time report on the value of your home. Start now***

Housing Trends Newsletter – March 2015

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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

National Market UpdateWASHINGTON (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

 

Home Price GrowthThe 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

How much is your home worth? Get a real-time report on the value of your home. Start now

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

Untitled1Where 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.
Read more

Untitled2Is Spring the Best Time to Buy?

It’s the most popular season to buy a home, but you might be better off waiting.
Read more

 

Untitled3At 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.
Read more

 

Untitled4Kick 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

 

Untitled5In 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.

National Statistics

 Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.

Housing Trends Newsletter – February 2015

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Here is the latest housing trends newsletter! It is designed with 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. Click here to view the full newsletter.

National market update

National Market UpdateWASHINGTON (February 23, 2015) – Existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of Realtors®. All major regions experienced declines in January, with the Northeast and West seeing the largest. Read more

Home Price GrowthWASHINGTON (February 11, 2015) – The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market, according to the latest quarterly report by the National Association of Realtors®. Read more

National economic indicators

Home ownership

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 January 2015 were at a seasonally adjusted annual rate of 481,000. This is 0.2 percent (+/- 22.2%)* below the revised December 2014 estimate of 482,000.

Source: U.S. CENSUS BUREAU

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.

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

National Statistics

Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.

Community reports

Enter a ZIP code to create a report. Enter a second ZIP to compare two communities.

View statistics on population, education, housing, transporation, income, employment, net worth, cost of living and climate.

Compare amenities such as public services, places of worship, recreation and leisure facilitles, shopping and restaurants.

Get a report

Neighborhood reports

Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.

Get a report

Consumer tips & hot properties

Housing ReportOur Housing Report Says the Market Is Out of Whack—But With 4 Bright Spots 

Realtor.com’s monthly housing report reveals a national market struggling to balance supply and demand—but with four bright spots. Read more

Tax Mistakes New Homeowners Make5 Tax Mistakes New Homeowners Make 

Taxes aren’t all bad; homeowners get more tax benefits than renters. And if you can avoid these five common mistakes, you’ll survive tax season. Read more

Bring Kids to Open HouseShould You Bring Kids to an Open House? 

It’s a dilemma every growing family faces: Bring the kids to an open house—or hire a sitter? A veteran agent tackles the question. Read more

 

Home Buying Costs10 Home-Buying Costs You Need to Know About

If you’re a first-time home buyer, you might be a little more than perplexed by some of those fees that come with signing. Knowing what you’re paying for can ease that check-writing pain. Read more

Home Buying Tax BreaksYou Could Get 3 Big Tax Breaks—If You Buy a Home in 2015

In many ways, 2015 is a great time to buy a home, not the least of which is for certain tax breaks. Read more

 

How much is your home worth? Get a real-time report on the value of your home. Start now

Housing Trends – January 2015

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Welcome to my blog! For my first post, I’d like to share my housing tends newsletter which is specially designed with 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.

My Housing Trends Newsletter contains:

  • Latest information from the National Association of REALTORS®
  • Latest information from the U.S. Census Bureau
  • Realtor.org reports and other sources
  • Press releases with charts and videos
  • Real estate sales and price statistics
  • Video message by a nationally recognized economist
  • Maps, mortgage rates and calculators
  • Consumer articles and more

To view the full newsletter click here.

Screen Shot 2015-02-09 at 11.15.53 AM If you are interested in determining the value of your home, click here for a free evaluation report

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. I look forward to answering any questions you may have and to the opportunity to be your real estate agent in the future.

National Market Update

WASHINGTON (January 23, 2015) – Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors®. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013. Read more

Ready for a Jolt in the Housing Market? The strengthening of the economy will drive the housing market forward this year and make up for last year’s “unspectacular” housing activity, according to Fannie Mae’s Economic & Strategic Research Group’s report, released Thursday. Stronger wages for many Americans likely will lead to a higher rate of household formation in 2015, Fannie researchers note.

Home ownership The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4) percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the third 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 November 2014 were at a seasonally adjusted annual rate of 438,000. This is 1.6 percent (+/- 12.3%)* below the revised October 2014 estimate of 445,000.

Source: U.S. CENSUS BUREAU

Regional Market Updates

View market statistics for your region. 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 prepared by Clarus MarketMetrics.

Local Prices & State Sales

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

National Statistics
Regional Statistics

Source: NATIONAL ASSOCIATION OF REALTORS®.
Check back for more blog posts and the next issue of Housing Trends Newsletter!