Jacob David

Champions Real Estate Group


Cell: 281-546-8433   

Housing Trends

Jun2012

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National market update

Existing-Home Sales Constrained by Tight Supply in May, Prices Continue to Gain

WASHINGTON (June 21, 2012) - Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, according to the National Association of Realtors®. More... Read more

International Sales Continue to Climb in U.S. Market

WASHINGTON (June 11, 2012) – Due to low prices and the relative weakness of the dollar, international buyers continue to identify the U.S. as a desirable place to own property and make a profitable investment. More...
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National housing indicators

Existing home sales ()

4.55 million units*

Existing home median price ()

$182,600

Housing Starts ()

708,000*

New home sales ()

343,000 (April)*

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

National economic indicators

Home ownership

1st Qtr 12

65.4%

1st Qtr 11

66.4%

The homeownership rate in the first quarter 2012 (65.4 percent) was lower than the first quarter 2011 rate (66.4 percent). The homeownership rates in the Northeast, Midwest, South, and West were lower than the corresponding first quarter 2011 rates.

New home sales

Apr 12

+3.3%

Mar 12

-7.3%

Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000. This is 3.3 percent (+/- 12.3%)* above the revised March 2012 estimate of 332,000.

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

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