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31
Aug

Housing Trends August 2015

Posted by / Housing Trends Newsletter
03
Aug

Housing Trends eNewsletter – July 2015

Posted by / Housing Trends Newsletter

Jeanne Kayne

Coastal Premier Properties

12625 High Bluff Drive, Suite 102
San Diego, CA 92130Cell: 858-356-2351
Phone: 858-755-4663

Housing Trends

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.

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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.

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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

2nd Qtr 2015

+63.4%

2nd Qtr 2014

+64.7%

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

June 2015

-6.8%

May 2015

-1.1%

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

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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

Local Sales & Price Activity

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

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5 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.

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Dirty 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).

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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.

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How 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

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This 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®.

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