Barbara Seinfeld

Keller Williams Realty

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


Cell: 310-980-7341   
Phone: 310-482-2200 
Fax: 310-482-2201

Housing Trends

October 2014

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National market update

Existing-Home Sales Rebound in September

WASHINGTON (October 21, 2014) – After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September.

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Infographic: September 2014 Existing-Home Sales

Total existing-home sales increased 2.4 percent to 5.17 million in September from 5.05 million in August and are 1.7 percent below the 5.26 million unit pace in September 2013

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National housing indicators

Existing home sales (October)

5.17 millions units*

Existing home median price (October)

$209,700

Housing Starts (October)

1.017 millions units*

New home sales (October)

5.04 millions units*

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

National economic indicators

Home ownership

3rd Qtr 2014

+64.4%

3rd Qtr 2013

+65.3%

The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4) percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the third quarter 2013, while the rate in the West was not statistically different from the rate a year ago.

New home sales

September 2014

+0.2%

August 2014

+15.3%

Sales of new single-family houses in September 2014 were at a seasonally adjusted annual rate of 467,000. This is 0.2 percent (+/- 15.7%)* above the revised August 2014 estimate of 466,000.

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 150 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

WHY DO PEOPLE MOVE: Jobs or Housing? A new study finds a close connection between the two. It’s often assumed that people move to get better jobs. But Census data show the main people reason move is to gain access to better housing. The issue is sometimes posed as a chicken-and-egg question: What comes first, people or jobs? Read more

Are the two biggest players in the American mortgage arena — Fannie Mae and Freddie Mac — needlessly preventing millions of African Americans, Latinos and young consumers from qualifying for a loan because they don't have a FICO credit score? Read more

DESPITE a housing market that appears to be slowing down, construction jobs should continue to help drive job growth in Southern California over the next few years, according to a new report. Read more

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Existing Home Statistics

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