AUGUST - 2009 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
DeAnn Bias 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...
Disclaimer:The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of eFrogPond,Inc.
Community Reports on REALTOR.com
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Source: REALTOR.com
National Real Estate Market Update
Uptrend Continues in Pending Home Sales
Washington, August 04, 2009 Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®. More...
Existing-Home Sales Up Again
Washington, July 23, 2009 Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. More...
NAR Works for the Consumer
WASHINGTON July 23, 2009 – The following is a statement by National Association of Realtors® President Charles McMillan: "NAR and our 1.2 million members are pleased that the Federal Housing Finance Agency has instructed Fannie Mae and Freddie Mac to take action to clarify confusion over the new Home Valuation Code of Conduct for home appraisers implemented this past May. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
July 2009 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.
Click here
Contact Me for all of your Real Estate needs DeAnn Bias Keller Williams Realty Clear Lake / Nasa
Consumer Tips & Cool Properties
Will There Ever Be a Better Time To Buy Real Estate In Our Lifetime?
When is bottom bottom?
-When a family earning the national median income of $53,182 can afford nearly 75% of the current homes for sale (realtor.com)? More...
Closing the Deal
There are a variety of things that can happen during "contract to close” to derail the process. While they may not halt the sale altogether, each can potentially cause lengthy delays and even escalate into a legal matter. Understanding some of the most common pitfalls can help you successfully close the deal. More...
Yes … You Need an Inspection
Since the purchase of a home is probably the largest single investment you will ever make, it’s important to learn as much as you can about the home and the condition of the property before you buy. More...
Virgin Island Vacation Home Bargains
If you have the money to spend, vacation home bargains are plentiful in the beautiful U.S. Virgin Islands. High-end estates are seeing prices slashed – such as a five-bedroom cliff-top villa on St. Thomas whose price dropped 22 percent to $3.695 million. Low-end deals are also ripe for the right buyer. More...
How to Purchase Waterfront Property
Be sure to do your homework before you "jump in the water” and purchase a dream home or lot on a river, lake or ocean. Buying waterfront property has a unique set of considerations.
Mortgage Rates
Mortgage Calculator
National
Housing Indicators
Existing Home Sales (June) 4.89 million units*
Existing Home Median Price (June) $181,800
Housing Starts (June) 582,000 units*
New Home Sales (June) 384,000 units*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
2nd Qtr 09
2nd Qtr 08
67.4%
68.1%
The homeownership rate (67.4 percent) for the current quarter was lower than the rate in second quarter 2008 (68.1 percent), but not statistically different from the rate in second quarter 2009 (67.3 percent).
New Home Sales
June 09
May 09
+11.0%
+2.4%
Sales of new one-family houses in June 2009 were at a seasonally adjusted annual rate of 384,000. This is 11.0% above the revised May 2009 estimate of 346,000.
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
3.6%
-0.2%
