Maria Alfaro-Ontiveroz

Keller Williams Realty

2300 Greenhill Ste. 200
Round Rock, TX 78664


Cell: 512-768-4409   
Phone: 512-439-3788 
Fax: 512-857-0422

Housing Trends

August 2015

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National market update

Existing-Home Sales Maintain Solid Growth in July

WASHINGTON (August 20, 2015) — Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors®.

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Home Prices Rise in Nearly All Metro Areas in Second Quarter

WASHINGTON (August 11, 2015) — A promising climb in home sales throughout the country amidst insufficient supply caused home prices to steadily rise in most metro areas during the second quarter, according to the latest quarterly report by the National Association of Realtors®.

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National housing indicators

Existing home sales (July)

5.59 million units*

Existing home median price (July)

$234,000

Housing Starts (July)

1.206 millions units*

New home sales (July)

0.482 millions units*

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

National economic indicators

Home ownership

2nd Qtr 2015

+63.4%

2nd Qtr 2014

+64.7%

The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

New home sales

July 2015

+5.4%

June 2015

-7.7%

Sales of new single-family houses in July 2015 were at a seasonally adjusted annual rate of 507,000. This is 5.4 percent (+/- 14.8%)* above the revised June 2015 estimate of 481,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 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.

Maria Alfaro-Ontiveroz

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. Read more

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.

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Existing Home Statistics

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