JUNE - 2010 Newsletter
Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, REALTOR.com local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.
What's Happening in Local Markets?
Local Market Reports for 150 Metropolitan Housing Markets *Local Prices & State Sales
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
afolabi shoyombo Messages
Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. more...
Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. more...
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Community Reports on REALTOR.com
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Source: REALTOR.com
National Real Estate Market Update
Pending Home Sales Surge Continuing
Washington, June 02, 2010 Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®. More...
Existing-Home Sales Continue to Improve in April
WASHINGTON (May 24, 2010) – Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
May 2010 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.
Metropolitan Prices & State Sales
View Prices / % Changes for 159 Cities & Metropolitan Areas
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.
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Consumer Tips & Cool Properties
Care and Maintenance of Your Deck
Annual deck maintenance will forestall major repairs, protect your investment, and boost your enjoyment of your deck. More...
$2 Million Homes Feature Game Rooms
Families find game rooms essential when balancing busy schedules. More...
Forbes.com Selects Best Cities to Raise Families
Forbes.com selects best cities to raise families based on safety, affordability, scholastic achievements. More...
Remodeling? Smart Choices Build Value and Save Money
HouseLogic sat down with author and architect Sarah Susanka to talk about remodeling that builds value and saves money. More...
Choosing Windows for a Sunroom Addition
Do you want casements or double-hung windows? Wood or wood-clad windows? Simulated divided lights or snap-in grilles? Here’s how to pick windows for your sunroom addition. More...
Stop Drivers From Speeding in Your Neighborhood
You have the power to slow down drivers on your street, if you’re willing to invest time and perhaps some money in a traffic calming plan. More...
Mortgage Rates
Mortgage Calculator
National
Housing Indicators
Existing Home Sales (April) 5.77 million units*
Existing Home Median Price (April) $173,100
Housing Starts (April) 672,000 units*
New Home Sales (April) 504,000 units*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
1st Qtr 10
1st Qtr 09
67.1%
67.3%
The homeownership rate in the first quarter 2010 (67.1 percent) was not statistically different from the first quarter 2009 rate (67.3 percent). In the West, the homeownership rate was lower than a year ago, while no other region showed any significant change from corresponding first quarter 2009 rates.
New Home Sales
Apr 10
Mar 10
+14.8%
+29.9%
Sales of new one-family houses in April 2010 were at a seasonally adjusted annual rate of 504,000. This is 14.8% above the revised March 2010 estimate of 439,000.
Information contained in this eNewsletter is compiled from a variety of sources. The accuracy and authenticity has not been verified by eFrogPond, Inc., is subject to change, is provided "as is" and is not guaranteed. The views expressed herein do not necessarily reflect those of eFrogPond, Inc.
eFrogPond, Inc. makes no representations or warranties of any nature with regard to the privacy and/or business practices of the websites linked from or to this eNewsletter nor the accuracy and authenticity of any information contained in such websites, and is not responsible for any content contained in any linked site or for any action or lack of action by any linked site whatsoever, including their use of any information they may collect.
Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. more...
Metropolitan Prices & State Sales
National Home Sales
7.6%
-0.6%
