JULY 2009 Newsletter
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Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on 50,000 neighborhoods.
 
What's Happening in Local Markets?
 
 Local Market Reports
*Local Prices & State Sales
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
Pending Home Sales Record Fourth Straight Monthly Gain
Washington, July 01, 2009 - Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors®. More...


May Existing-Home Sales Continue Rising Trend
Washington, June 23, 2009 Sales of existing homes showed another gain in May, benefiting from favorable affordability conditions and a first-time buyer tax credit, according to the National Association of Realtors®. May’s increase was the first back-to-back monthly gain since September 2005. More...
National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
This Month’s
Consumer Articles
Out of this World Expensive
These homes have come down in price, but are still out of reach for most of us. Eight figures just gets you on the top pricey home list. Take a look at some current listings worldwide. More...

Play it Safe when Selling
While your home is on the market, you’re probably focused on finding a buyer and getting the highest possible sales price. Unfortunately, you should also keep your personal safety in mind. While crimes at properties for sale are rare, they do occur. As a homeowner, you should also take steps to increase your safety while your home is for sale. More...

Sellers Value their View
Location, location, location has long been the defining value of a property. It's not only the address, but the view from the windows that sellers are counting on. What's outside your window? More...

Are No-Gas Lawn Tools Right for You?
Summer is hot and presents hours of backbreaking yardwork. New eco-friendly tools are available as gas-guzzling alternatives. View Video...


Your Car and Your Privacy
Believe it or not, there may be something more valuable than your car in the shopping center parking lot what’s inside of it!  In today’s criminal world, personal information is often worth more than the vehicle itself. More...


House, Condo, Duplex? You Decide What’s Best for You
When you think of buying a home of your own, what do you picture? Many people conjure up an image of a detached, singlefamily house. There’s a yard in front and back, perhaps a fence around the property. That may be a great situation for a lot of folks, but there are other options out there – other types of properties you can call your own. Depending on your situation and goals, you may find something other than a singlefamily house makes the most sense for you. More...
Camping – a Fun Activity for the Whole Family
Adults and children alike benefit from getting outside and connecting with the outside world. So trade screen time for green time, and head to a nearby state or national campground for an old-fashioned campout! More...

 

National
Housing Indicators
Existing Home Sales
(May)
4.77 million units*
Existing Home Median Price
(May)
$173,000
Housing Starts
(May)
532,000 units*
New Home Sales
(May)
352,000 units*
*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.


National
Economic Indicators
Homeownership Rate
1st Qtr 09 1st Qtr 08
67.3% 67.8%

The homeownership rate (67.3 percent) for the current quarter was lower than the rate in first quarter 2008 (67.8 percent), but not statistically different from the rate in fourth quarter 2008 (67.5 percent).
New Home Sales
May 09 Apr 09
 
 
 
-0.6% +2.7%

Sales of new one-family houses in May 2009 were at a seasonally adjusted annual rate of 342,000. This is 0.6% below the revised April 2009 estimate of 344,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
May 2009 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
4,770,000
Single Family
4,250,000
Condo/Co-op
520,000
vs. last month:  2.4%  1.9%  6.1%
vs. last year:  -3.6%  -3.0%  6.1%

National Sales Price of Homes
  Homes
$173,000
Single Family
$172,900
Condo/Co-op
$173,800
vs. last year:  -16.8%  -16.1%  -21.9%


Regional Home Sales
  U.S.
4,770,000
Northeast
800,000
Midwest
1,090,000
South
1,740,000
West
1,140,000
vs. last month:  2.4%  3.9%  9.0%  0.0%  -0.9%
vs. last year:  -3.6%  -10.1%  -4.4%  -8.9%  11.8%

Regional Sales Price of Homes
  U.S.
$173,000
Northeast
$243,600
Midwest
$145,800
South
$157,400
West
$197,700
vs. last year:  -16.8%  -12.5%  -10.4%  -9.9%  -30.6%

Regional Single Family Home Sales
  U.S.
4,250,000
Northeast
610,000
Midwest
1,010,000
South
1,590,000
West
1,040,000
vs. last month:  1.9%  5.2%  8.6%  -0.6%  -1.9%
vs. last year:  -3.0%  -6.2%  8.6%  -9.7%  10.6%

Regional Sales Price of Single-Family Homes
  U.S.
$172,900
Northeast
$245,400
Midwest
$144,700
South
$159,900
West
$202,200
vs. last year:  -16.1%  -13.8%  -8.9%  -8.5%  -30.3%

Regional Condo/Co-Op Sales
  U.S.
520,000
Northeast
190,000
Midwest
80,000
South
150,000
West
100,000
vs. last month:  6.1%  0.0%  14.3%  7.1%  11.1%
vs. last year:  -8.9%  -20.8%  -26.6%  2.7%  31.6%

Regional Sales Price of Condo/Co-ops
  U.S.
$173,800
Northeast
$237,900
Midwest
$159,400
South
$131,400
West
$150,000
vs. last year:  -21.9%  -9.1%  -20.5%  -26.1%  -36.5%

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