Saturday, December 29, 2012

Local and National Real Estate Market Update






Bryan Cerny
Rose & Womble Realty
757-580-6546   
300 Cedar Lakes Drive, Chesapeake, VA 23322 
Phone: 757-580-6546     Fax: 757-390-3468   
Home  |Value of Your Home  |Real Estate Glossary
DECEMBER - 2012 Newsletter
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Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, REALTOR.com local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.
What's Happening in Local Markets?
 Local Market Reports for 150 Metropolitan Housing Markets
*Local Prices & State Sales
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
  Local Area Markets in 25 States
**Local Sales & Price Activity
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics

Community Reports on REALTOR.com
Enter a ZIP code to view a report. For a comparison report, enter a second ZIP.
Compare Community AmenitiesCompare Community Statistics
* Shopping and Groceries
* Public Services
* Places of Worship
* Recreation and Leisure
* Food and Drink
* Population
* Households
* Education
* Housing
* Transporation
* Income
* Employment
* Net Worth
* Cost of Living
* Climate
Source: REALTOR.com
Bryan Cerny

 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. 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. more...
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of eFrogPond,Inc.


National Real Estate Market Update
November Existing-Home Sales & Prices Maintain Uptrend
WASHINGTON (December 20, 2012) - Existing-home sales continued to improve in November with low inventory supply pressuring home prices, according to the National Association of Realtors®. More...

National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.


November 2012 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.
 View Prices / % Changes for 159 Cities 
 & Metropolitan Areas
     Housing Affordability Index |  Click Here to view details
 Mouse over the map to view
Regional Definitions

  National Existing Home Sales [View Detail]
  National Sales Price of Existing Homes [View Detail]
  Existing Home Sales [View Detail]
  Sales Price of Existing Homes [View Detail]
  Existing Single Family Home Sales [View Detail]
  Sales Price of Existing Single-Family Homes [View Detail]
  Existing Condo/Co-op Sales [View Detail]
  Sales Price of Existing Condo/Co-op Homes [View Detail]
Source: NATIONAL ASSOCIATION OF REALTORS®.
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



Consumer Tips & Cool Properties
Recycling Your Christmas Tree
Julie Day, TodaysHomeowner.com, provides green solutions to recycling your Christmas tree. More...
Holiday Left Scuffed Countertops? Here's Easy 99 Cent Solution
Holiday cooking can result in unsightly counter top scratches. Here's a quick, easy, and inexpensive remedy with the help of your local 99 Cent store. More...
10 Tips to Survive Packing for Your Move
Rick Hazeltime, shares 10 tips "culled from everyday people who gave their best advice in chat rooms and Internet forums" about how they survived moving day packing. More...
Outfit Your Bed with Style
Ginny Gaylor's bedroom Wow! Factor is simple with her guide to everything your need to know about bed coverings. More...
Mortgage Rates

Mortgage Calculator

National
Housing Indicators
Existing Home Sales 
(November)
5.04 million units*
Existing Home Median Price 
(November)
$180,600
Housing Starts 
(November)
861,000 units*
New Home Sales 
(November)
377,000*
*seasonally adjusted annual rate 
Source NATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
3rd Qtr 123rd Qtr 11
65.5%66.3%

The homeownership rate in the third quarter 2012 (65.5 percent) was lower than the third quarter 2011 rate (66.3 percent). The homeownership rate in the South was lower than the corresponding second quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different.
New Home Sales
Nov 12Oct 12
 
 
 
+4.4%-3.5%

Sales of new single-family houses in November 2012 were at a seasonally adjusted annual rate of 377,000. This is 4.4 percent (+/- 16.8%)* above the revised October 2012 estimate of 361,000.
Source U.S. CENSUS BUREAU

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