Linda Kemp

Keller Williams Realty Infinity

608 S. Washington Street, Suite 100
Naperville, IL 60540


Cell: 630-688-5121   
Phone: 630-778-5800 
Fax: 630-548-5286

Housing Trends

January 2013

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National market update

Pending Home Sale Down in December

WASHINGTON (January 28, 2013) - Pending home sales declined in December but have stayed above year-ago levels for 20 consecutive months, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.3 percent. More... Read more

Mortgage Rates Climb Higher

Mortgage rates were on their way up this week, Jan 25, 2013, with the 30-year fixed-rate mortgage moving to its highest reading since Sept. 29, 2012, Freddie Mac reports in its weekly mortgage market survey. Still, fixed-rate mortgages remain near all-time record lows and "should continue to aid in the ongoing housing recovery,” according to Frank Nothaft, Freddie Mac’s chief economist. More...

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National housing indicators

Existing home sales ()

4.94 million units*

Existing home median price ()

$180,800

Housing Starts ()

954,000 units*

New home sales ()

369,000 units*

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

National economic indicators

Home ownership

4th Qtr 12

65.4%

4th Qtr 11

66.0%

The homeownership rate in the fourth quarter 2012 (65.4 percent) was lower than the fourth quarter 2011 rate (66.0 percent). The homeownership rate in the South was lower than the corresponding fourth quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

Dec 12

-7.3%

Nov 12

+9.3%

Sales of new single-family houses in December 2012 were at a seasonally adjusted annual rate of 369,000. This is 7.3 percent (+/- 15.3%)* below the revised November 2012 estimate of 398,000.

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.

Linda Kemp

New Mortgage Rules Going Into Effect in January 2014 In an attempt to prevent what happened in the mortgage industry in previous years, the, Consumer Financial Protection Bureau (CFPF)has established new rules for lenders and mortgage brokers that go into effect in January 0f 2014. Read more

Are you looking for great articles with tips and how to guides to increase the value of your home? Are you looking to make improvements and don't know where to begin? Interested in learning how your local market is doing? Peruse through many informative articles that help you with all of your real estate needs! Read more

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Existing Home Statistics

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