Sara Rios
Realty Associates
2818315860
 
9525 Katy Frwy. Ste.142, Houston, TX 77024     Phone: (281) 831-5860     Fax: (281) 824-0866   
JULY 2010 Newsletter
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on 50,000 neighborhoods.
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
Pending Home Sales Drop as Expected
Washington, July 01, 2010 WASHINGTON (July 1, 2010) – Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the National Association of Realtors®. More...
May Shows a Continued Strong Pace for Existing-Home Sales
Washington, June 22, 2010 Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady. More...
National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
This Month’s
Consumer Articles
Maintain Your Vacation Home
Plan to spend time and money to maintain your vacation home, no matter if you hire a property manager or local caretaker, or do the work yourself. More...
What to Do in the First 24 Hours After a Flood
After flood waters subside, document, work with your insurer, and clean up safely. More...
Green Siding Options
Selecting green siding is a matter of weighing trade-offs in longevity, insulation, biodegradability, maintenance, and, in some cases, cost. More...
How Much Would You Pay For A Mattress?
Wall Street Journal asks, "A Mattress at $33,000? Made With Horsehair, Silk and Gold, New Bedding Pushes Prices Sky-High". Find out just how much a "good night sleep" may cost you. More...
Have $1 Million to Spend? What Will it Buy?
If you like living on a golf course, fireplaces, marble flooring, 4 car garage, multiple bedrooms & baths, gameroom, theaters, gyms, tennis courts and pool, $1 million may not be enough. Just how far will your money go? More...
 

National
Housing Indicators
Existing Home Sales
(May)
5.66 million units*
Existing Home Median Price
(May)
$179,600
Housing Starts
(May)
593,000 units*
New Home Sales
(May)
300,000*
*seasonally adjusted annual rate
Source NATIONAL 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
May 10 Apr 10
 
 
 
-32.7% +14.7%

Sales of new one-family houses in May 2010 were at a seasonally adjusted annual rate of 300,000. This is 32.7% below the revised April 2010 estimate of 446,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
May 2010 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
5,660,000
Single Family
4,980,000
Condo/Co-op
680,000
vs. last month:  -2.2%  -1.6%  -6.8%
vs. last year:  19.2%  17.5%  32.6%

National Sales Price of Homes
  Homes
$179,600
Single Family
$179,400
Condo/Co-op
$181,300
vs. last year:  2.7%  2.7%  3.4%


Regional Home Sales
  U.S.
5,660,000
Northeast
890,000
Midwest
1,330,000
South
2,150,000
West
1,290,000
vs. last month:  -2.2%  -18.3%  0.0%  0.5%  4.9%
vs. last year:  19.2%  12.7%  22.0%  22.9%  15.2%

Regional Sales Price of Homes
  U.S.
$179,600
Northeast
$240,200
Midwest
$150,700
South
$159,000
West
$221,300
vs. last year:  2.7%  -2.2%  2.2%  1.0%  7.4%

Regional Single Family Home Sales
  U.S.
4,980,000
Northeast
660,000
Midwest
1,210,000
South
1,940,000
West
1,170,000
vs. last month:  -1.6%  -16.5%  -0.8%  0.0%  5.4%
vs. last year:  17.5%  10.0%  19.8%  21.3%  13.6%

Regional Sales Price of Single-Family Homes
  U.S.
$179,400
Northeast
$238,200
Midwest
$150,000
South
$161,400
West
$226,800
vs. last year:  2.7%  -3.3%  2.6%  0.9%  7.6%

Regional Condo/Co-Op Sales
  U.S.
680,000
Northeast
230,000
Midwest
120,000
South
210,000
West
120,000
vs. last month:  -6.8%  -23.3%  9.1%  5.0%  0.0%
vs. last year:  32.6%  18.6%  44.6%  40.0%  39.5%

Regional Sales Price of Condo/Co-ops
  U.S.
$181,300
Northeast
$246,100
Midwest
$157,600
South
$137,100
West
$167,500
vs. last year:  3.4%  3.4%  -0.5%  4.6%  5.7%

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