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

July 2015

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National market update

Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak

WASHINGTON (July 22, 2015) — Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and have now risen above year-over-year levels for six consecutive months.

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3 Reasons Why It's a Great Time for Sellers

Rising home prices, demand from home buyers, and less competition is making 2015 a stellar year to sell for many U.S. home owners across the country, says Daren Blomquist, RealtyTrac's vice president.

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National housing indicators

Existing home sales (July)

5.49 millions units*

Existing home median price (July)

$236,400

Housing Starts (July)

1.174 millions units*

New home sales (July)

0.546 millions units*

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

National economic indicators

Home ownership

2nd Qtr 2015

+63.4%

2nd Qtr 2014

+64.7%

The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 (+/- 0.4) percentage points from the second quarter 2014 rate of 64.7 percent. The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

New home sales

June 2015

-6.8%

May 2015

-1.1%

Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000. This is 6.8 percent (+/- 12.5%)* below the revised May 2015 estimate of 517,000.

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

Is Los Angeles on the cusp of another housing bubble? Building permit applications and housing price patterns show that a collapse is not imminent, writes UCLA Anderson Forecast economist William Yu. Read more

The housing market is hitting record levels in Los Angeles. Everything is busting record highs, from average sale prices across the board (condos and single-family houses) to the number of sales closed, which rose to the highest second-quarter total in a decade. Prices were up 4.8 percent, the number of sales was up 6.5 percent. Read more

Home prices in Los Angeles and Orange counties rose 6.1% in April, according to a closely tracked gauge released Tuesday. Read more

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Existing Home Statistics

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