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National market update
Existing-Home Sales Rise in April for Second Straight Month
WASHINGTON (May 20, 2016) — Despite ongoing inventory shortages and faster price growth, existing-home sales sustained their recent momentum and moved higher for the second consecutive month, according to the National Association of Realtors®. A surge in sales in the Midwest and a decent increase in the Northeast offset smaller declines in the South and West.
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The 10 Best Markets for Millennials
The road to home ownership has been a struggle for many young adults, mostly due to financial obstacles. However, some millennials may find more luck in less expensive metro areas that also have steady job growth and lower qualifying incomes necessary to purchase a home.
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National housing indicators
Existing home sales (April)
5.45 millions units*
Existing home median price (April)
$232,500
Housing Starts (April)
1.172 millions units*
New home sales (March)
0.511 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
4th Qtr 2015
+63.8%
4th Qtr 2014
+64%
The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.
New home sales
February 2016
+2.0%
January 2016
-7.0%
Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000. This is 2.0 percent (+/- 18.8%)* above the revised January 2016 estimate of 502,000.
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
Priscilla Pompey SFR, RSPS
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Consumer tips & hot properties
Are You Ready for the Worst? Prepping Goes Mainstream
Disaster readiness has become big business—and it's also getting higher-tech, higher-priced, and way more geographically diverse.
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How to Spot the Top Problems Home Sellers Try to Hide
Yes, homeowners are obligated to disclose problems with their house, but they may gloss over potential deal breakers, or just conveniently forget.
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The Worst Mortgage Advice Home Buyers Actually Believe
Plenty of people are eager to give you advice on getting a mortgage. But they don't always know what they're talking about.
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6 Projects You Must Tackle Before Selling Your House
These simple home improvements will make your home sell faster and for more money, with just a little work.
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5 Terrible Reasons Sellers Overprice Their Homes
Price your home right, move it fast, and don't use any of these common justifications to jack up the price of your property.
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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®.