Housing Trends Newsletter, March 2016
Perry Peace
Debordieu Colony Real Estate129 Luvan Blvd.
Georgetown, SC 29440
Phone: (843) 546-4176
Housing TrendsMarch 2016 |
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National market update
Existing-Home Sales Fizzle in February
WASHINGTON (March 21, 2016) — After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions experienced sales declines in February.
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America's Fastest-Growing Cities 2016
When Nate and Vanessa Quigley were deciding where to build Chatbooks, the photobook startup the married couple founded together, they looked for a place deep with creative and technical talent — preferably, that they could have all to themselves. That ruled out the rocketship-heavy Bay Area, where Nate’s friends running tech companies told him that "if they hiccup even for a second all of their best talent bolts.
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National housing indicators
Existing home sales (February)
5.08 millions units*
Existing home median price (February)
$210,800
Housing Starts (February)
1.178 millions units*
New home sales (January)
0.494 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
4th Qtr 2015
+63.8%
4th Qtr 2014
+64%
The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.
New home sales
February 2016
+2.0%
January 2016
-7.0%
Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000. This is 2.0 percent (+/- 18.8%)* above the revised January 2016 estimate of 502,000.
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 178 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
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
The 10 Trendiest U.S. Cities That You Can Still Afford to Buy In
Priced out of Portland? We found the top cities that combine a fun, young, culture-rich urban experience with affordability for the long haul.
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Hey, Homeowners! These Little-Known Tax Deductions Can Save You Thousands
Make sure to check out the full range of tax breaks the government offers homeowners—you might be surprised.
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What Are the Features That Will Make Your Home Fly Off the Market?
Not all homes are equal, and they don't sell equally well, either. Learn which home features are like catnip to buyers, and which totally turn them off.
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8 Things Your Interior Designer Wishes You Knew
Learn how to help a designer bring your vague—and sometimes downright contradictory—ideas to life.
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3 Nasty Neighbors Who Can Block Your Home Sale—and How to Deal
Whether their yard looks like something out of "Hoarders" or they're just plain rude, the folks next door can make a deal go sour.
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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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