Jacob David

Champions Real Estate Group


Cell: 281-546-8433   

Housing Trends

March2012

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National market update

Housing Affordability Index Hits Record High

Washington, March 06, 2012 - NAR President Moe Veissi said the typical family has roughly double the income needed to purchase a median-priced home. "For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.” More...
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February Existing-Home Sales Slip But Up Strongly From a Year Ago

Washington, March 21, 2012 - Lawrence Yun, NAR chief economist, said, "The market is trending up unevenly, with record high consumer buying power and sustained job gains giving buyers the confidence they need to get into the market”. More...
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National housing indicators

Existing home sales ()

4.59 million units*

Existing home median price ()

$156,600

Housing Starts ()

698,000 units*

New home sales ()

313,000 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

Feb 11

-1.6%

Jan 12

-5.4%

Sales of new single-family houses in February 2012 were at a seasonally adjusted annual rate of 313,000. This is 1.6 percent (+/- 23.9%)* below the revised January 2012 estimate of 318,000.

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.

Jacob David

Hello Friends, Real Estate has been steady and gaining momentum. Leases have been doing brisk business. There's been a frenzy of lease activity and we as agents are barely able to keep up. Home buying is starting to take off as well. People are starting to love the price drop on homes and lowered interest rates. The home market has picked up. Read more

I hope you enjoy this newsletter. Read more

The way of the world is Real Estate. As long as man has been alive, he has been buying and selling property. The seller is that person who for a fair market value transfers the deed to his property to a buyer who wants the property for a great price - Jacob David. 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.