Tamara Hayes

RE/MAX Palm Realty

1808 Tamiami Trail, Unit D2
Port Charlotte, FL 33948


Cell: 941-276-6185   
Phone: 941-276-6185 
Fax: 941-743-5518

Housing Trends

March 2016

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National market update

Existing-Home Sales Fizzle in February

WASHINGTON (March 21, 2016) — After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions experienced sales declines in February.



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America's Fastest-Growing Cities 2016

When Nate and Vanessa Quigley were deciding where to build Chatbooks, the photobook startup the married couple founded together, they looked for a place deep with creative and technical talent — preferably, that they could have all to themselves. That ruled out the rocketship-heavy Bay Area, where Nate’s friends running tech companies told him that "if they hiccup even for a second all of their best talent bolts.


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National housing indicators

Existing home sales (February)

5.08 millions units*

Existing home median price (February)

$210,800

Housing Starts (February)

1.178 millions units*

New home sales (January)

0.494 millions units*

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

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64%

The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.

New home sales

February 2016

+2.0%

January 2016

-7.0%

Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000. This is 2.0 percent (+/- 18.8%)* above the revised January 2016 estimate of 502,000.

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.

Tamara Hayes

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

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