SEPTEMBER-2009 Newsletter
Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, REALTOR.com local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.
What's Happening in Local Markets?
Local Market Reports for 150 Metropolitan Housing Markets *Local Prices & State Sales
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
John Axt Messages
Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. more...
Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. more...
Disclaimer:The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of eFrogPond,Inc.
Community Reports on REALTOR.com
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Source: REALTOR.com
National Real Estate Market Update
Pending Home Sales on a Record Roll
Washington, September 01, 2009 Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®. More...
Strong Gain in Existing-Home Sales Maintains Uptrend
Washington, August 21, 2009 - For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of Realtors®. More...
2nd Quarter Existing-Home Sales Rise in Most States, Helped by Affordable Metro Prices
Washington, August 12, 2009 - Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states, and price declines have increased affordability in most metro areas, according to the latest survey by the National Association of Realtors®. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
August 2009 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.
Metropolitan Prices & State Sales
View Prices / % Changes for 159 Cities & Metropolitan Areas
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.
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Contact Me for all of your Real Estate needs John Axt Prudential Gary Greene, REALTORS - Champions
Consumer Tips & Cool Properties
Preserve your Good ’Hood
Homebuyers make their purchases based on many factors. But surveys have shown that the most important factors to them are the safety and quality of the neighborhood, followed by the performance of the school district. More...
Terms You Can Use
Buying your first home can be scary. Not only is the process complicated, but you’re bound to encounter new terminology. Understanding the language is the first step to taking the fear out of the homebuying process. More...
How to Have the Kitchen You’ve Always Wanted
Remodeling your kitchen can be daunting. But knowing what you want and learning the possible pitfalls can ensure a successful kitchen makeover. More...
10 Cities Leading the Market Recovery
Housing is turning around. Forbes magazine identified the country's largest metro areas where sales activity has increased. More...
How to Care for Your Home’s Foundation
It literally holds your home up. So whether you have a slab foundation, pier foundation, a crawl space, basement or walk-out, it’s important to know that prevention is the best solution for home-foundation problems. More...
Mortgage Rates
Mortgage Calculator
National
Housing Indicators
Existing Home Sales (July) 5.24 million unites*
Existing Home Median Price (July) $178,400
Housing Starts (July) 581,000 unites*
New Home Sales (July) 384,000 unites*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
2nd Qtr 09
2nd Qtr 08
67.4%
68.1%
The homeownership rate (67.4 percent) for the current quarter was lower than the rate in second quarter 2008 (68.1 percent), but not statistically different from the rate in second quarter 2009 (67.3 percent).
New Home Sales
July 09
June 09
+9.6%
+9.1%
Sales of new one-family houses in July 2009 were at a seasonally adjusted annual rate of 433,000. This is 9.6% above the revised June 2009 estimate of 395,000.
Information contained in this eNewsletter is compiled from a variety of sources. The accuracy and authenticity has not been verified by eFrogPond, Inc., is subject to change, is provided "as is" and is not guaranteed. The views expressed herein do not necessarily reflect those of eFrogPond, Inc.
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Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. more...
Metropolitan Prices & State Sales
National Home Sales
7.2%
-15.1%
