Joanne Day

Trading Places Realty

15031 Hiddenwood Drive
Houston, TX 77070


Cell: 281-320-8876   
Phone: 281-705-5329 

Housing Trends

June 2016

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National market update

Existing-Home Sales Grow 1.8 Percent in May; Highest Pace in Over Nine Years

WASHINGTON (June 22, 2016) — Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of Realtors®. All major regions except for the Midwest saw strong sales increases last month.



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5 Tips to Help Buyers Save for a Down Payment

Saving for a down payment can pose one of the biggest challenges for potential home buyers. Indeed, "a down payment is often the largest single payment a consumer makes in their lifetime and saving for it isn’t easy,” says Corey Carlisle, executive director of the American Bankers Association Foundation. "However, with a few changes, consumers can put themselves on track to make their homeownership dream a reality.



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National housing indicators

Existing home sales (May)

5.53 millions units*

Existing home median price (May)

$239,700

Housing Starts (May)

1.164 millions units*

New home sales (April)

0.619 millions units*

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

National economic indicators

Home ownership

1st Qtr 2016

+63.5%

1st Qtr 2015

+63.7%

The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.4)* lower than the first quarter 2015 rate (63.7 percent) and 0.3 percentage points (+/-0.4)* lower than the fourth quarter 2015 rate (63.8 percent).

New home sales

May 2016

+6.0%

April 2016

+16.6%

Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.0 percent (±12.8%)* below the revised April rate of 586,000, but is 8.7 percent (±14.6%)* above the May 2015 estimate of 507,000.

Source: U.S. CENSUS BUREAU

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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 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.

Joanne Day

2012 Going to be a great year !

If you know someone wanting to buy or sell, Please don't forget about me ! I appreciate any and all referrals ! Thank You ! Your Lifelong Realtor, Joanne Day

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Existing Home Statistics

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