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National market update
June Exiting Home Sales Slip BUT Prices Continue to Roll at Double Digit Rates
WASHINGTON (July 22, 2013) – Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to the National Association of Realtors®. Read more
Homeowners Surge, Investors Slump
Steve Cook shares results in the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Steve says findings report "Current homeowners are providing much of the buying power currently driving the housing market, while investors are continuing to lose steam in the face of rapidly escalating home prices".
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National housing indicators
Existing home sales ()
5.08 million units*
Existing home median price ()
$214,200
Housing Starts ()
836,000 units*
New home sales ()
459,000 units (estimated) *
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
1st Qrt 13
65.0%
1st Qrt 12
65.4%
The homeownership rate in the first quarter 2013 (65.0 percent) was lower than the first quarter 2012 rate (65.4 percent). The homeownership rate in the South was lower than the corresponding first quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.
New home sales
Jun 13
+8.3%
May 13
+1.3%
Sales of new single-family houses in June 2013 were at a seasonally adjusted annual rate of 497,000. This is 8.3 percent (+/- 20.5%)* above the revised May 2013 estimate of 459,000.
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.
Local Prices & State Sales
Ashley Graves
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.
Consumer tips & hot properties
How to Negotiate the Best Real Estate Deal
Negotiation is a complex matter and all transactions are unique. How do you develop a strong bargaining position, one which will help you get the most from a transaction? There are five basic keys which will determine who wins at the negotiating table.
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Should You Buy a Used Home Instead of a New Home
As you embark on buying a home, one of the first decisions is whether to buy a new home or a "used” one. Each choice has its advantages, and there is no single answer that works for everyone. Read more
Home Owner Misperceptions About Flood Insurance
Many Americans think their home owners insurance policy covers them for floods, when in fact, you have to buy a separate flood insurance policy to be covered.
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Tips for Staging Kitchens and Bathrooms When Selling
For buyers, a clean, modern, well-laid-out kitchen is a major feature. Bathrooms are also a consideration, because they contribute to overall happiness in living in the home. Read more
Moving Day Guide and Checklist
Keep moving day from becoming overwhelming by knowing what you need to get done — and in what order. This guide will help to put your mind at ease when the big moving day arrives.
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.