Monday, February 14, 2011

February Newsletter...Great Reading

Bryan Cerny
Rose & Womble Realty
            757-580-6546      
300 Cedar Lakes Drive, Chesapeake, VA 23322     Phone:             757-580-6546           Fax: 757-390-3468   
FEBRUARY-2011 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?
 
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
What’s New
National Real Estate Market
Pending Home Sales Continue Uptrend
Washington, January 27, 2011 Pending home sales improved further in December, marking the fifth gain in the past six months, according to the National Association of Realtors®. More...
Owners, Renters Agree: Owning a Home is a Smart Decision
Washington, January 19, 2011 A substantial majority of both home owners and current renters agree that owning a home is a smart decision over the long term. That’s according to the results of a National Association of Realtors® survey of 3,793 adults conducted online by Harris Interactive. More...
December Existing-Home Sales Jump
Washington, DC, January 20, 2011 Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®. 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
Tax Tips for Homeowners Looking Ahead to 2010 Returns
From energy tax credits to vacation home deductions, check out these tax tips for homeowners looking ahead to 2010 returns. More...
Living Large in Less
When Martha Turner, Martha Turner Properties, was asked by Houston Chronicle what people really want in a home today, she said "All of a sudden, people are looking for compact square footage with rooms that can serve more than one purpose. It's environmentally friendly and less tax."

David Weekley of David Weekley Homes, agrees today's families are "value-conscious". More...
10 Steps to a Happy Clothes Closet
The clothes closet is one of the least respected areas in the house. It's often stuffed from floor to ceiling with clothing, briefcases, purses and shoes. Valuable clothing rod space has been taken over by vast armies of mis-matched hangers. More...
Greening to Perfection
Take a peak at a futuristic Spanish villa overlooking the Mediterranean. It's listed around $13M. Fantastic entertaining spaces, nine bedrooms and magnificent views. More...
Green Kitchen Countertops: 3 Eco-Friendly Choices
Save money over granite and be kind to your home planet. How? Pick a green kitchen countertop material when you remodel your kitchen. More...
 
National
Housing Indicators
Existing Home Sales 
(December)
5.28 millions units*
Existing Home Median Price 
(December)
$168,800
Housing Starts 
(December)
529,000 units*
New Home Sales 
(December)
329,000 units*
*seasonally adjusted annual rate 
Source NATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
4th Qtr 104th Qtr 09
66.5%67.2%

The homeownership rate in the fourth quarter 2010 (66.5 percent) was lower than the fourth quarter 2009 rate (67.2 percent). In the Midwest, South, and West, the homeownership rates were lower than a year ago, while the Northeast showed no significant change from the corresponding fourth quarter 2009 rate.
New Home Sales
Dec 10Nov 10
 
 
 
17.5+%0.0%

Sales of new one-family houses in December 2010 were at a seasonally adjusted annual rate of 329,000. This is 17.5 percent above the revised November 2010 estimate of 280,000.
Source U.S. CENSUS BUREAU
Real Estate Sales Statistics
December 2010 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    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
 Homes5,280,000Single Family
4,640,000
Condo/Co-op
640,000
vs. last month: 12.3% 11.8% 16.4%
vs. last year: -2.9% -2.5% -5.2%

National Sales Price of Homes
 Homes$168,800Single Family
$169,300
Condo/Co-op
$165,000
vs. last year: -1.0% -0.2% -7.4%


Regional Home Sales
 U.S.5,280,000Northeast
870,000
Midwest
1,110,000
South
1,970,000
West
1,330,000
vs. last month: 12.3% 13.0% 11.0% 10.1% 16.7%
vs. last year: -2.9% -5.4% -4.3% -2.5% -1.5%

Regional Sales Price of Homes
 U.S.$168,800Northeast
$237,300
Midwest
$139,700
South
$148,400
West
$204,000
vs. last year: -1.0% -1.4% 3.3% 0.0% -5.6%

Regional Single Family Home Sales
 U.S.4,640,000Northeast
650,000
Midwest
1,020,000
South
1,760,000
West
1,210,000
vs. last month: 11.8% 16.1% 10.9% 10.0% 13.1%
vs. last year: -2.5% -1.5% -2.9% -3.3% -1.6%

Regional Sales Price of Single-Family Homes
 U.S.$169,300Northeast
$234,200
Midwest
$140,100
South
$153,300
West
$209,900
vs. last year: -0.2% -4.1% 5.3% 1.7% -5.4%

Regional Condo/Co-Op Sales
 U.S.640,000Northeast
220,000
Midwest
90,000
South
210,000
West
120,000
vs. last month: 16.4% 4.8% 12.5% 10.5% 71.4%
vs. last year: -5.2% -14.1% -14.3% 6.6% 2.6%

Regional Sales Price of Condo/Co-ops
 U.S.$165,000Northeast
$246,600
Midwest
$135,100
South
$107,500
West
$144,500
vs. last year: -7.4% 4.7% -17.2% -17.2% -10.6%

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

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