Barbara Seinfeld

Keller Williams Realty

2701 Ocean Park Blvd. #140
Santa Monica, CA 90405


Cell: 310-980-7341   
Phone: 310-482-2206 
Fax: 310-482-2201

Housing Trends

April 2018

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National market update

Existing-Home Sales Rebound 3.0 Percent in February

WASHINGTON (March 21, 2018) — Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines, according to the National Association of Realtors®. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest.





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Exclusive: Property Brothers Reveal How to Save Tons of Cash on Kitchens!

"Property Brothers" stars Jonathan and Drew Scott don't just create dream homes for their clients on TV—they also do it for free! How? As part of Habitat for Humanity's second annual Home Is the Key Campaign, running through the month of April, the Scotts are helping build two homes in Nashville, TN, for single moms Ashlee and Amanda.”





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National housing indicators

Existing home sales (February)

5.54 millions units*

Existing home median price (February)

$241,700

Housing Starts (February)

1.236 millions units*

New home sales (January)

0.593 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

4th Quarter 2017

64.2%

3rd Quarter 2017

63.9%

The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).

New home sales

January 2018

-7.8%

February 2018

-0.6%

Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±13.3 percent)* below the revised January rate of 622,000, but is 0.5 percent (±16.6 percent)* above the February 2017 estimate of 615,000.

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.

Barbara Seinfeld

Competition among home buyers will be fierce in most of the country as home sales heat up in April and May before peaking in June. But you can increase your odds of getting the home you want by casting a wider net, pouncing quickly-not letting minor defects derail the deal. Here are three housing and mortgage trends for buyers and owners to watch. Read more

5 Tips To Refresh Your Home For Spring Time. Bring the outdoors inside. Adding fresh plants or flowers to an otherwise ho-hum space can spice things up in the blink of an eye. Even if you don't have a garden full of fresh flowers, greens make a lovely addition to your living room, or an eye-catching centerpiece for your dining room table. Read more

Portability Initiative Is Designed To Help 55 and Over To Sell Their Homes And Buy Another - The California Association of REALTORS® (CAR) is attempting to qualify a ballot initiative, The Property Tax Fairness Initiative, that will restructure the way property taxes are calculated for buyers over the age of 55 (and also the disabled). Read more

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Where Homes Sell Like Hotcakes—and Where They Sit on the Shelf

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13 Decor Items Grown Adults Should Never Have in Their Homes

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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.