Housing Trends eNewsletter- Lazaro Lopez

Housing Trends eNewsletter- Lazaro Lopez




National market update

Existing-Home Sales Remain Soft in March

WASHINGTON (April 22, 2014) – Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in the West and South. Read more

Vacation Home Sales Surge in 2013, Investment Property Declines

WASHINGTON (April 2, 2014) – Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®. Read more

National housing indicators

Existing home sales (March)

4.59*

Existing home median price (March)

$198,500

Housing Starts (March)

946,000*

New home sales (March)

440000*

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

National economic indicators

Home ownership

4th Qtr 2012

+65.4%

4rd Qtr 2013

+65.2%

The homeownership rate in the fourth quarter 2013 was 65.2 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2012 rate of 65.4 percent. The homeownership rate in the Northeast was lower than its corresponding fourth quarter 2012 rate, while the rates in the Midwest, South, and West were not statistically different from the rates a year ago.

New home sales

February 2014

-4.5%

March 2014

-14.5%

Sales of new single-family houses in March 2014 were at a seasonally adjusted annual rate of 384,000. This is 14.5 percent (+/- 12.9%) below the revised February 2014 estimate of 449,000.

Source: U.S. CENSUS BUREAU