Marta Guerrero

Register Real Estate Advisors


Cell: 713-240-3078   
Phone: 713-240-3078 
Fax: 832-688-8782

Housing Trends

August 2014

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National market update

Existing-Home Sales Continue to Climb in July

WASHINGTON (August 21, 2014) – Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of Realtors®.

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Home-Price Gains Decelerate in Many Metro Areas during Second Quarter

WASHINGTON (August 12, 2014) – Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of Realtors®.

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National housing indicators

Existing home sales ()

5.15 million units*

Existing home median price ()

$222,900

Housing Starts ()

1.093 million units*

New home sales ()

406K million units*

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

National economic indicators

Home ownership

2nd Qtr 2014

64.7%

2nd Qtr 2013

65.0%

The homeownership rate in the second quarter 2014 was 64.7 percent, down 0.3 (+/- 0.4)* percentage points from the second quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast and South were lower than the rates in the second quarter 2013, while the rates in the Midwest and West were not statistically different from the rates a year ago.

New home sales

July 2014

-2.4%

June 2014

-7.0%

Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000. This is 2.4 percent (+/- 11.9%)* below the revised June 2014 estimate of 422,000.

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.

Marta Guerrero

Thinking of doing some remodeling? Remodeling magazine’s 2012-2013 Cost vs. Value Report offers the latest figures on what kinds of upgrades or additions offer the best return. In the West South Central region—composed of Texas, Oklahoma, Louisiana, and Arkansas—a steel entry door replacement has the highest return for a midrange project with 83. Read more

If you're selling your home, your best chance at cooking up a sale is in the kitchen. For today's home buyer, the kitchen is typically the most important room in the house—an area where form and function are equally important. Read more

As a first-time real estate buyer, you probably have no idea how the overall purchasing process works or how to make sure you’re making a smart decision to purchase. Read more

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Consumer tips & hot properties

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Top 5 Reasons to Buy a House Right Now

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Buying a House With Cash: Should You Do It?

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Before You Buy: 4 Questions About Home Appraisals

When you go to buy a home, your mortgage lender will want to know whether the house you are interested in buying is worth the amount you are willing to spend. They need to check out the house for anything that can devalue or increase the property’s worth. To do this, they require home appraisals for all borrowers.…(Read More)

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Existing Home Statistics

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