Marta Guerrero

Register Real Estate Advisors


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

Housing Trends

March 2015

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National market update

Existing-Home Sales Slightly Improve in February, Price Growth Gains Steam

WASHINGTON (March 23, 2015) – Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors®.

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5 Spring Home Buying Strategies

The spring home-buying boom is underway, and this year buyers in some markets will face an increased amount of competition due to low housing inventory. In fact, the most recent existing-home sales report from the National Association of REALTORS® cautions that "Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices."

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National housing indicators

Existing home sales ()

4.88 millions units*

Existing home median price ()

$202,600

Housing Starts ()

8.97 millions units*

New home sales ()

4.81 millions units*

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

National economic indicators

Home ownership

4th Qtr 2014

+64.0%

4th Qtr 2013

+65.2%

The homeownership rate in the fourth quarter 2014 was 64.0 percent, down 1.2 (+/- 0.4) percentage points from the fourth quarter 2013 rate of 65.2 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the fourth quarter 2013, while the rate in the West was not statistically different from the rate a year ago.

New home sales

February 2015

+7.8*%

January 2015

+4.4*%

Sales of new single-family houses in February 2015 were at a seasonally adjusted annual rate of 539,000. This is 7.8 percent (+/- 15.2%)* above the revised January 2015 estimate of 500,000.

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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Where America’s Affordable Homes Are—and Aren’t—in 2015

Our team crunched the numbers and created color-coded maps showing where homes are most and least affordable.

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Is Spring the Best Time to Buy?

It's the most popular season to buy a home, but you might be better off waiting.

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At an Open House, Open Up

When you're checking out someone's home, don't be shy when the broker asks for feedback–you can all benefit.

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Kick Back in One of These Affordable Homes in the 25 Best Cities for Retirement

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In Priciest U.S. Cities, Mortgage Affordability Seems Bad—but It’ll Get

Realtor.com’s first Mortgage Affordability Report pulls data from the 25 largest housing markets in the U.S. for a picture of what Americans can afford in terms of buying or renting a home.

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Existing Home Statistics

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