Travis Nichols

John Daugherty, Realtors

520 Post Oak Blvd., Suite 600
Houston, TX 77027


Cell: 713-899-7993   
Phone: (713) 561-6642 
Fax: (713) 561-6742

Housing Trends

December 2012

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National market update

November Existing-Home Sales & Prices Maintain Uptrend

WASHINGTON (December 20, 2012) - Existing-home sales continued to improve in November with low inventory supply pressuring home prices, according to the National Association of Realtors®. More...


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National housing indicators

Existing home sales ()

5.04 million units*

Existing home median price ()

$180,600

Housing Starts ()

861,000 units*

New home sales ()

377,000*

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

National economic indicators

Home ownership

3rd Qtr 12

65.5%

3rd Qtr 11

66.3%

The homeownership rate in the third quarter 2012 (65.5 percent) was lower than the third quarter 2011 rate (66.3 percent). The homeownership rate in the South was lower than the corresponding second quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different.

New home sales

Nov 12

+4.4%

Oct 12

-3.5%

Sales of new single-family houses in November 2012 were at a seasonally adjusted annual rate of 377,000. This is 4.4 percent (+/- 16.8%)* above the revised October 2012 estimate of 361,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

Travis Nichols

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. Read more

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. Read 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 Move,Inc.

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Existing Home Statistics

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