| Housing Stimulus and Stabilization Will Help Economic Recovery |
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WASHINGTON, February 12, 2009 - The following is a statement by National Association of Realtors® President Charles McMillan:
"The American Recovery and Reinvestment Act is important for the U.S. economy and contains some important housing provisions. Eliminating the repayment provision in the $7,500 first-time home buyer tax credit will help bring buyers to the market and reduce housing inventory. More...
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| 4th Quarter Metro Area Home Prices Down as Buyers Purchase Distressed Property |
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WASHINGTON, February 12, 2009 - Most metropolitan area median home prices, impacted by distressed sales, trended down in the fourth quarter from a year earlier. At the same time, existing-home sales rose in only six states from the fourth quarter of 2007, according to the latest survey by the National Association of Realtors. More...
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| January Existing-Home Sales Fall, Inventory Down |
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WASHINGTON, February 25, 2009 - Existing-home sales declined in January with some buyers waiting to see how details of the economic stimulus package would affect them, according to the National Association of Realtors®. At the same time, inventories fell to a two-year low. More...
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| Take the Stress out of Buying a Home |
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Which emotion surges higher when buying a home excitement or anxiety? Either or both can take significant hold during the homebuying process. Imagining the possibilities of your new house can bring great joy, while the financial implications of making such a purchase create worries for most people. You can take steps to reduce the stress, though, and focus on the enjoyable aspects of buying a new home. More...
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| Shop Around for Lower Insurance Rates |
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Does it surprise you that Texas homeowners pay more for homeowners insurance than residents of any other state in the U.S.? You may wonder why residents of Florida with all of its hurricanes and California with earthquakes, mudslides, and wildfires don’t pay more. Average Texas rates easily surpass those states, though, according to information from the National Association of Insurance Commissioners. More...
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| Rental Propery Owned by Celebrity |
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$28,000 buys you a week in Steve Martin's villa on the Caribbean island of St. Barthelemy.
More...
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| Take Another Look at the Housing Market- This Might be Best Time to Buy |
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First-time Homebuyers are big winners. They're in a unique position to take advantage of the declines in housing prices and move right in. Being a buyer's market for the first time in many years, renter's impossible dream of homeownership are coming true. More...
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Existing Home Sales
(January)
4.49 million units* |
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Existing Home Median Price
(January)
$170,300 |
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Housing Starts
(January)
466,000 units* |
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New Home Sales
(January)
309,000 units* |
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*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®. |
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Metropolitan Prices & State Sales |
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| National Home Sales |
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Homes
4,490,000 |
Single Family
4,050,000 |
Condo/Co-op
440,000 |
| vs. last month: |
 -5.3% |
-4.7% |
-10.2% |
| vs. last year: |
-8.6% |
-7.1% |
-20.3% |
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Click Here to view details |
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| National Sales Price of Homes |
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| Regional Home Sales |
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U.S.
4,490,000 |
Northeast
640,000 |
Midwest
1,000,000 |
South
1,640,000 |
West
1,200,000 |
| vs. last month: |
-5.3% |
-14.7% |
-5.7% |
-5.7% |
 0.0% |
| vs. last year: |
-8.6% |
-23.8% |
-16.7% |
-15.9% |
29.0% |
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Click Here to view details
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| Regional Sales Price of Homes |
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U.S.
$170,300 |
Northeast
$228,200 |
Midwest
$138,100 |
South
$152,100 |
West
$220,000 |
| vs. last year: |
-14.8% |
-14.7% |
-6.8% |
-7.4% |
-25.5% |
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Click Here to view details
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| Regional Single Family Home Sales |
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U.S.
4,050,000 |
Northeast
480,000 |
Midwest
930,000 |
South
1,530,000 |
West
1,110,000 |
| vs. last month: |
-4.7% |
-15.8% |
-5.1% |
-4.4% |
0.9% |
| vs. last year: |
-7.1% |
-21.3% |
-13.9% |
-15.9% |
30.6% |
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Click Here to view details
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| Regional Sales Price of Single-Family Homes |
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U.S.
$169,900 |
Northeast
$232,100 |
Midwest
$136,400 |
South
$153,000 |
West
$224,200 |
| vs. last year: |
-13.8% |
-15.6% |
-5.5% |
-6.1% |
-25.6% |
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Click Here to view details
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| Regional Condo/Co-Op Sales |
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U.S.
440,000 |
Northeast
160,000 |
Midwest
70,000 |
South
110,000 |
West
90,000 |
| vs. last month: |
-10.2% |
-10.6% |
-12.5% |
-18.5% |
-6.3% |
| vs. last year: |
-20.3% |
-29.5% |
-39.7% |
-16.7% |
16.9% |
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Click Here to view details
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| Regional Sales Price of Condo/Co-ops |
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U.S.
$174,400 |
Northeast
$216,600 |
Midwest
$160,000 |
South
$139,000 |
West
$168,200 |
| vs. last year: |
-20.6% |
-13.9% |
-15.8% |
-22.6% |
-30.4% |
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Click Here to view details
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