December Newsletter

Bryan Cerny Rose & Womble Realty 757-580-6546 300 Cedar Lakes Drive, Chesapeake, VA 23322     Phone: 757-580-6546     Fax: 757-390-3468    DECEMBER-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, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.
What's Happening in Local Markets?    Local Market Reports *Local Prices & State Sales VA - Virginia Beach Region Real Estate Market View Local Market Reports for 150 Metropolitan Housing Markets *Prepared by National Association of REALTORS® **Prepared by Clarus MarketMetrics What’s New National Real Estate Market Strong Rebound in Pending Home Sales Washington, DC, December 02, 2010 - Pending home sales jumped in October, showing a positive uptrend since bottoming in June, according to the National Association of REALTORS®. More... Happy Holidays from Your REALTOR Your REALTOR and REALTORS around the world wish you a very Happy Holiday. View the fun holiday message. More... National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®. HouseLogic is a free source of information and tools from the NATIONAL ASSOCIATION OF REALTORS® with content covering home improvement, maintenance, taxes, finance, insurance and even ways you can get involved in and enrich your community. This Month’s Consumer Articles Holiday Fire Safety Tips The holiday season is one of the most dangerous times of the year for household fires, so take note of these tips to reduce your risk. More... Condo Rules and Regulations, HOAs, and Your Holiday Displays Check your condo rules before you put up that menorah or Santa decoration, or you might find yourself taking your holiday decorations down a lot sooner than you planned. More... 8 Easy Ways to Seal Air Leaks Around the House For what the typical family wastes every year on air leaks—about $350—you can plug energy-robbing gaps, start saving money, and enjoy a more comfortable home. Watch video and learn how. More... Easy Steps to Big Energy Savings Danny Lipford, host and executive producer of the nationally syndicated television show, "Today’s Homeowner with Danny Lipford®", has idea and tips to save you lots of money. More...	National Housing Indicators Existing Home Sales  (October 2010) 4.43 million units* Existing Home Median Price  (October 2010) $170,500 Housing Starts  (October 2010) 519,000 units* New Home Sales  (October 2010) 283,000 units* *seasonally adjusted annual rate  Source NATIONAL ASSOCIATION OF REALTORS®. National Economic Indicators Homeownership Rate 3rd Qtr 10 3rd Qtr 09 66.9% 67.6% The homeownership rate in the third quarter 2010 (66.9 percent) was lower than the third quarter 2009 rate (67.6 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from corresponding third quarter 2009 rates. New Home Sales Oct 10 Sept 10   -8.1% +12.0% Sales of new one-family houses in October 2010 were at a seasonally adjusted annual rate of 283,000. This is 8.1 percent below the revised September 2010 estimate of 308,000. Source U.S. CENSUS BUREAU Real Estate Sales Statistics October 2010 Existing Home Statistics Source: NATIONAL ASSOCIATION OF REALTORS®. Metropolitan Prices & State Sales  View Prices / % Changes for 159 Cities & Metropolitan Areas View Single-family Home Prices View Condo/Co-op Prices      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   Homes4,430,000 Single Family 3,890,000 Condo/Co-op 540,000 vs. last month:  -2.2%  -2.0%  -3.6% vs. last year:  -25.9%  -25.6%  -27.6% Click Here to view details National Sales Price of Homes   Homes$170,500 Single Family $171,100 Condo/Co-op $166,000 vs. last year:  -0.9%  -0.5%  -4.2% Click Here to view details Regional Home Sales   U.S.4,430,000 Northeast 750,000 Midwest 940,000 South 1,710,000 West 1,030,000 vs. last month:  -2.2%  -1.3%  -1.1%  -3.4%  -1.9% vs. last year:  -25.9%  -27.2%  -32.4%  -24.0%  -21.4% Click Here to view details Regional Sales Price of Homes   U.S.$170,500 Northeast $240,200 Midwest $139,500 South $148,500 West $209,300 vs. last year:  -0.9%  1.9%  -3.6%  -0.7%  -4.8% Click Here to view details Regional Single Family Home Sales   U.S.3,890,000 Northeast 560,000 Midwest 860,000 South 1,530,000 West 940,000 vs. last month:  -2.0%  -1.8%  -1.1%  -2.5%  -2.1% vs. last year:  -25.6%  -25.3%  -31.7%  -24.6%  -21.0% Click Here to view details Regional Sales Price of Single-Family Homes   U.S.$171,100 Northeast $242,900 Midwest $139,000 South $153,300 West $214,100 vs. last year:  -0.5%  1.5%  -3.3%  1.1%  -5.1% Click Here to view details Regional Condo/Co-Op Sales   U.S.540,000 Northeast 190,000 Midwest 80,000 South 180,000 West 90,000 vs. last month:  -3.6%  0.0%  0.0%  -10.0%  0.0% vs. last year:  -27.6%  -32.6%  -38.9%  -16.7%  -23.1% Click Here to view details Regional Sales Price of Condo/Co-ops   U.S.$166,000 Northeast $232,200 Midwest $145,000 South $108,000 West $159,200 vs. last year:  -4.2%  3.5%  -5.0%  -19.3%  -4.2% Click Here to view details 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