National market update
Existing-Home Sales Lose Momentum in November as Inventory Slightly Tightens
WASHINGTON (December 22, 2014) - After hitting their highest level of the year, existing-home sales slid in November as housing supply showed some tightening, according to the National Association of Realtors®. All major regions experienced a decline in sales compared to a month earlier. Read more"
NAR Identifies Top Metro Areas Poised for Uptick in Baby Boomer Home Sales
WASHINGTON (December 10, 2014) - Metro areas with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home as some delay retirement and remain participants in the labor market, according to new research by the National Association of Realtors®. Read more
National housing indicators
Existing home sales (December) : 4.93 millions units*
Existing home median price (December) : $205,300
Housing Starts (December) : 1.028 millions units*
New home sales (December) : 4.58 millions units*
*Seasonally adjusted annual rate.
Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
3rd Qtr 2014: +64.4%
3rd Qtr 2013: +65.3%
The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4)
percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership
rates in the Northeast, Midwest and South were lower than the rates in the third quarter
2013, while the rate in the West was not statistically different from the rate a year ago.
New home sales
November 2014: -1.6*%
October 2014: -2.2*%
Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate
of 438,000. This is 1.6 percent (+/- 12.3%)* below the revised October 2014 estimate of 445,000.
Source: U.S. CENSUS BUREAU
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