Housing Trends eNewsletter- Perry Peace
Perry Peace
Debordieu Colony Real Estate129 Luvan Blvd.
Georgetown, SC 29440
Phone: (843) 546-4176
Housing TrendsAugust 2016 |
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National market update
Existing-Home Sales Lose Steam in July
WASHINGTON (August 24, 2016) — Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors®. Only the West region saw a monthly increase in closings in July.
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The Best Time to Invest Is Now?
Columnist Jeff Reeves with MarketWatch says right now is the best time ever to invest in real estate. He discounts fears by some about another housing crisis brewing – the uptick in "liar loans” or "Alt-A mortgages” and return of house flipping. He says any such bubble fears amount to "a lot of hogwash.
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National housing indicators
Existing home sales (July)
5.39 millions units*
Existing home median price (July)
$244,100
Housing Starts (July)
1.211 millions units*
New home sales (June)
0.654 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
1st Qtr 2016
+63.5%
1st Qtr 2015
+63.7%
The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.4)* lower than the first quarter 2015 rate (63.7 percent) and 0.3 percentage points (+/-0.4)* lower than the fourth quarter 2015 rate (63.8 percent).
New home sales
May 2016
+6.0%
April 2016
+16.6%
Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.0 percent (±12.8%)* below the revised April rate of 586,000, but is 8.7 percent (±14.6%)* above the May 2015 estimate of 507,000.
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
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Consumer tips & hot properties
Bubble Watch: Should We Be Worried?
With home prices rising faster than inflation, many are wondering whether the housing market is heading for another crash. We analyzed the situation in top cities across the nation.
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The Worst Home-Buying Advice People Actually Believe
Thinking of buying a home? If you hear any of these "wise words" from well-meaning friends or family, just tune them out.
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Deep-Clean These 12 Things Before Summer Ends
The hot season is the best time for major cleaning projects. Here's how to get them done before the days get shorter.
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How to Spark a Bidding War for Your Home
The housing market may be hot, but that doesn't necessarily mean that buyers will be competing for your home.
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Backyard Landscaping Ideas You Can't Resist
Fire pits, ponds, and butterfly gardens–here are the outdoor features that will make you wish you never had to come inside.
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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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