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National market update
Pending Home Sale Down in December
WASHINGTON (January 28, 2013) - Pending home sales declined in December but have stayed above year-ago levels for 20 consecutive months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.3 percent. More... Read more
Mortgage Rates Climb Higher
Mortgage rates were on their way up this week, Jan 25, 2013, with the 30-year fixed-rate mortgage moving to its highest reading since Sept. 29, 2012, Freddie Mac reports in its weekly mortgage market survey. Still, fixed-rate mortgages remain near all-time record lows and "should continue to aid in the ongoing housing recovery,” according to Frank Nothaft, Freddie Mac’s chief economist. More...
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National housing indicators
Existing home sales ()
4.94 million units*
Existing home median price ()
$180,800
Housing Starts ()
954,000 units*
New home sales ()
369,000 units*
*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
Dec 12
-7.3%
Nov 12
+9.3%
Sales of new single-family houses in December 2012 were at a seasonally adjusted annual rate of 369,000. This is 7.3 percent (+/- 15.3%)* below the revised November 2012 estimate of 398,000.
Source: U.S. CENSUS BUREAU
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Regional market updates
View market statistics for your region.
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.
Local Prices & State Sales
Norma Kilway
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Consumer tips & hot properties
9 Easy Mistakes Home Owners Make on Their Taxes
Don’t rouse the IRS or pay more taxes than necessary. Running afoul of any of these 9 home-related tax mistakes — which tax pros say are especially common — can cost you money or draw the IRS to your doorstep. More... http://www.houselogic.com/home-advice/taxes-incentives/common-tax-mistakes/#ixzz2J5nitiAc Read more
7 Tips to Keep Your Home Warm & Save Money
Amy Chen, Bankrate.com, offers tips on how to warm your home, save money and bust the myths causing over spending. More... Read more
Radio Host Don Imus Lowers Price to Sell Magnificent Water Front Home
Radio host Don Imus and his wife, Deirdre, are taking another stab at offloading his waterfront compound in Westport, CT, now asking $19.9 million for the Georgian Revival-style home. More... Read more
Downton Abbey is Given an Energy Makeover
Just in time for winter — and the 3rd season of "Downton Abbey” — we warm up venerable Highclere Castle with some expensive energy upgrades. Are they worth it? More... Read more
10 Things a Burglar Doesn’t Want You to Know
Successful burglars have lots in common — home owners who unwittingly give invitations to robbery. Here’s how thieves thank you for your generosity. More...
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.