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Existing-home sales continued to improve. Lawrence Yun , NAR chief economist, said favorable buying conditions get the credit. "The housing market is steadily recovering with consistent increases in both home sales and median prices. More buyers are taking advantage of excellent housing affordability conditions," he said. more...
Russett townhome, great short sale opportunity.
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National Real Estate Market Update
March Existing-Home Sales Slip Due to Limited Inventory, Prices Maintain Uptrend
WASHINGTON (April 22, 2013) - Existing-home sales eased in March from inventory constraints, which continued to pressure home prices. Sales have been above year-ago levels for 21 consecutive months, while prices show 13 consecutive months of year-over-year price increases. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
March 2013 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.
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.
Contact Me for all of your Real Estate needs John Hughson Long & Foster Real Estate, Inc.
Consumer Tips & Cool Properties
7 Costly Mistakes Sellers Make
M. Anthony Carr provides advice for sellers. He warns sellers not to forge ahead with unwise strategies, instead urges sellers to benefit from listening to the voice of an experienced professional. More...
11 Ways to Create a Welcoming Front Entrance for Under $100
First impressions count! Your front door and the area leading up to it should extend a warm welcome to all comers — and needn’t cost a bundle. Here’s what you can do to make welcoming happen on the cheap. More...
Remodeling: 27 Ideas for Laundry Room
Lisa Selin Davis, This Old House magazine, shares 27 remodeling ideas and tips to create "efficient wash-and-dry centers designating a place for each step of the laundry process, from sorting to folding". More...
Planning to Move? What About Moving the Auto and Motorcycle?
Here is information to help you make sound decisions when considering moving your automobile and/or motorcycle across country either to a new home or summer rental. More...
Existing Home Sales (March) 4.92 million units*
Existing Home Median Price (March) $184,300
Housing Starts (March) 1.036 million units*
New Home Sales (March) 411,000 units (Feb)*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
1st Qtr 13
1st Qtr 12
The homeownership rate in the first quarter 2013 (65.0 percent) was lower than the first quarter 2012 rate (65.4 percent). The homeownership rate in the South was lower than the corresponding first quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.
New Home Sales
Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000. This is 1.5 percent (+/- 16.9%)* above the revised February 2013 estimate of 411,000.
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