Edinson Properties - Keller William

Keller Williams Realty

5050 Westheimer Rd., Ste. 200
Houston, TX 77056



Phone: (713) 980-5115 ( )
Fax: (832) 603-4304

Housing Trends

March 2013

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National market update

Existing-Home Sales and Prices Continue to Rise in February

WASHINGTON (March 21, 2013) - February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases. More... Read more

National housing indicators

Existing home sales ()

4.98 million units*

Existing home median price ()

$173,600

Housing Starts ()

917,000 units*

New home sales ()

437,000 units (Jan)*

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

National economic indicators

Home ownership

4th Qtr 12

65.4%

4th Qtr 11

66.0%

The homeownership rate in the fourth quarter 2012 (65.4 percent) was lower than the fourth quarter 2011 rate (66.0 percent). The homeownership rate in the South was lower than the corresponding fourth quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

Feb 13

-4.6%

Jan 13

+13.1%

Sales of new single-family houses in February 2013 were at a seasonally adjusted annual rate of 411,000. This is 4.6 percent (+/- 20.4%)* below the revised January 2013 estimate of 431,000.

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 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.

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. Read more

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

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Existing Home Statistics

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