Barbara Seinfeld - DRE #00895870

Keller Williams Realty Santa Monica

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


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

Housing Trends

June 2018

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National market update

Existing-Home Sales Slide 2.5 Percent in April

WASHINGTON (May 24, 2018) — After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month.





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Home-Buying Frenzy Sets a Record as California Loses Its Grip on Hottest Markets

As the home-buying season enters its most frenetic period, the pace of sales set new records in May, according to an analysis of realtor.com® data for the month. That's not all: Listing prices also continued to set records. However, in the end of a historic run, the majority of the hottest markets in the country are no longer in California.





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National housing indicators

Existing home sales (April)

5.46 millions units*

Existing home median price (April)

$257,900

Housing Starts (April)

1.287 millions units*

New home sales (March)

0.662 millions units*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

1st Quarter 2018

64.2%

The homeownership rate of 64.2 percent was not statistically different from the rate in the first quarter 2017 (63.6 percent) and virtually unchanged from the rate in the fourth quarter 2017 (64.2 percent).

New home sales

March 2018

4.0%

April 2018

-1.5%

Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000, but is 11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000.

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

Prices of luxury homes in toniest LA nabes dropped each day on market in 2017. Luxury homes in some of Los Angeles’ wealthiest communities depreciated dramatically each day they spent on the market, dropping faster than other markets. If you’re selling a luxury house in neighborhoods like Bel Air or Holmby Hills, try to close the deal fast. Read more

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

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Consumer tips & hot properties

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Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers

There’s a reason the next generation of homeowners is flocking to these 10 metros—and it flies in the face of conventional wisdom.



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Fact or Fiction? 6 Down Payment Myths You Should Stop Believing Immediately

A down payment can be intimidating, but don’t let these common myths mislead you about this crucial step.



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6 Home Maintenance Chores Just About Everyone Forgets

There are certain small home maintenance chores that are easy to overlook—but neglecting them could spell disaster.



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When Should You Make an Offer Below Asking Price? 5 Clues It’s Time to Take a Gamble

Even in a hot market, it’s still possible to get a good deal on a house. Keep an eye out for sellers who might be open to a lower offer.



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How Often Should You Wash Your Sheets—and What If You Don’t?

We asked a scientist what really happens when you don’t wash your sheets often enough.



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Existing Home Statistics

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