Niles Bollinger Jr

eXp Realty



Phone: 504-605-8883 

Housing Trends

February2012

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National market update

Existing-Home Sales Rise Again in January, Inventory Down

Washington, DC, February 22, 2012 - Lawrence Yun, NAR chief economist, said strong gains in contract activity in recent months show buyers are responding to very favorable market conditions. "The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents.” More... Read more

Fourth Quarter Metro Area Home Prices Boost Affordability, Sales Improving

Washington, DC, February 09, 2012 - Housing affordability conditions improved in most metropolitan areas from softer existing-home prices and record-low mortgage interest rates in the fourth quarter, with rising sales and lower inventory creating more balanced conditions. More... Read more

National housing indicators

Existing home sales ()

4.57 million units*

Existing home median price ()

$154,700

Housing Starts ()

699,000 units*

New home sales ()

321,000 units*

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

National economic indicators

Home ownership

4th Qtr 11

66.0%

3rd Qtr 11

66.3%

The homeownership rate in the fourth quarter 2011 (66.0 percent) was lower than the fourth quarter 2010 rate (66.5 percent). The homeownership rates in the Northeast, Midwest, South, and West were not statistically different from their corresponding fourth quarter 2010 rates.

New home sales

Jan 12

-0.9%

Dec 11

+1.9%

Sales of new single-family houses in January 2012 were at a seasonally adjusted annual rate of 321,000. This is 0.9 percent (+/- 16.6%)* below the revised December 2011 estimate of 324,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

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Consumer tips & hot properties

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Simple Tips to Increase Your Home's Curb Appeal

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Considering Retirement Communities? Top 10 Picks

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Existing Home Statistics

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