December 2014 National Housing Trends Newsletter

Angela Yglesias

Levesque Realty 

Cell: 805-490-4944  
Phone: 805-490-4944 

Housing Trends December 2014 View archives

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Rent vs buy

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Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

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National market update

Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens

WASHINGTON (December 22, 2014) – After hitting their highest level of the year, existing-home sales slid in November as housing supply showed some tightening, according to the National Association of Realtors®. All major regions experienced a decline in sales compared to a month earlier.

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NAR Identifies Top Metro Areas Poised for Uptick in Baby Boomer Home Sales

WASHINGTON (December 10, 2014) – Metro areas with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home as some delay retirement and remain participants in the labor market, according to new research by the National Association of Realtors®.

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National housing indicators

Existing home sales (December)

4.93 millions units*

Existing home median price (December)

$205,300

Housing Starts (December)

1.028 millions units*

New home sales (December)

4.58 millions units*

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

National economic indicators

Home ownership

3rd Qtr 2014

+64.4%

3rd Qtr 2013

+65.3%

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

November 2014

-1.6*%

October 2014

-2.2*%

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

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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

• CA - Anaheim-Santa Ana Region Real Estate Market
• CA - Los Angeles Region Real Estate Market
• CA - Riverside Region Real Estate Market
• CA - Sacramento Region Real Estate Market
• CA - San Diego Region Real Estate Market

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Local Sales & Price Activity

• CA - Northern Bay Region Real Estate Market
• CA - Inland Empire Real Estate Market
• CA - Los Angeles Real Estate Market
• CA - Pleasanton & Alameda County Real Estate Market
• CA - Riverside/Coachella Valley Real Estate Market

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Representing residential and commercial buyers and sellers in Ventura and LA Counties.

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

5 Housing Market Predictions for 2015

With an accelerating economic recovery fueling job and income growth, prospects are good for homeowners and would-be home buyers.

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Top 10 Hot Housing Markets to Watch in 2015

Realtor.com® Chief Economist Jonathan Smoke offered up his top 10 picks for 2015—the places where we can expect to see strong housing growth, affordable prices and fast-paced sales.

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10 Questions to Ask Your Mortgage Lender

A house is likely your most valuable asset, so it’s a good idea to know as much as possible about your mortgage before you rush toward closing day.

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8 Benefits of Buying a House at Year’s End

Summer may be real estate’s busy season, but winter offers great opportunities for buying a house.

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10 Perfect Gifts for a New Homeowner

Housewarming gifts don’t have to be homemade brownies or a "Home Sweet Home” cliché.

Read more

Existing Home Statistics

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

National Statistics

• Housing Affordability Index
• National Existing Home Sales
• National Sales Price of Existing Homes

Statistics by City or Metropolitan Area

• Single-family Home Prices
• Condo/Co-op Prices

Regional Statistics

• Existing Home Sales
• Sales Price of Existing Homes
• Existing Single Family Home Sales
• Sales Price of Existing Single-Family Homes
• Existing Condo/Co-op Sales
• Sales Price of Existing Condo/Co-op Homes

Source: NATIONAL ASSOCIATION OF REALTORS®.

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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Information contained in this eNewsletter is compiled from a variety of sources. The accuracy and authenticity has not been verified by Move, Inc., is subject to change, is provided "as is" and is not guaranteed. The views expressed herein do not necessarily reflect those of Move, Inc. Move, Inc. makes no representations or warranties of any nature with regard to the privacy and/or business practices of the websites linked from or to this eNewsletter nor the accuracy and authenticity of any information contained in such websites, and is not responsible for any content contained in any linked site or for any action or lack of action by any linked site whatsoever, including their use of any information they may collect.

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