Angela Yglesias
Levesque RealtyCell: 805-490-4944
Phone: 805-490-4944
Housing TrendsNovember 2016 |  |
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National market update
Existing-Home Sales Jump Again in October
WASHINGTON (November 22, 2016) — Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October.
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The 5 Real Estate Trends That Will Shape 2017
We won’t pretend to know everything that 2017 will bring—heck, 2016 sure surprised us—but we’re pretty certain there will be changes. A lot of them. And while the surprise triumph of Donald Trump in the presidential election won’t alter the fundamentals shaping the 2017 real estate market, its impact is already being felt.
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National housing indicators
Existing home sales (Oct)
5.60 millions units*
Existing home median price (Oct )
$232,200
Housing Starts (Oct)
1.323 millions units*
New home sales (Sept)
0.593 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
3rd Quarter 2016
+63.5%
3rd Quarter 2015
+63.7%
The homeownership rate of 63.5 percent was not statistically different from the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.4)* high than the second quarter 2016 rate(62.9 percent).
New home sales
Oct 2016
-1.9%
Sept 2016
+3.1%
Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.9 percent (±13.1%)* below the revised September rate of 574,000, but is 17.8 percent (±16.9%) above the October 2015 estimate of 478,000.
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
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Consumer tips & hot properties
These Might Be the 10 Biggest Bargain Real Estate Markets in the Country
They've got job opportunities and appealing lifestyles—but these metropolitan centers aren't experiencing crazy competition from other home buyers.
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Your Top Fears About Home Buying—Debunked!
Yes, homeownership can be scary. But it's also a smart financial move for many people. Let's take a look at the top concerns.
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13 Sale-Killing Mistakes to Avoid With Real Estate Listing Photos
Learn from the errors of others, and enjoy a laugh at these terrible real-life listing photos.
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Bad Credit? Don't Give Up Hope of Owning a Home
Yes, it is possible to get a mortgage loan, even if your track record of paying off debts isn't stellar.
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5 Things to Never, Ever Buy at Costco
Warehouse stores can offer big bargains when you buy in bulk, but those "deals" are not always worth the money.
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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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