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 2015

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National market update

Existing-Home Sales Rebound in December, 2014 Total Sales Finish 3 Percent Below 2013

WASHINGTON (January 23, 2015) – Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to the National Association of Realtors®. Median home prices for 2014 rose to their highest level since 2007, but total sales fell 3.1 percent from 2013.

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Ready for a Jolt to the Housing Market?

The strengthening of the economy will drive the housing market forward this year and make up for last year’s "unspectacular” housing activity, according to Fannie Mae’s Economic & Strategic Research Group’s report, released Thursday. Stronger wages for many Americans likely will lead to a higher rate of household formation in 2015, Fannie researchers note.

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National housing indicators

Existing home sales ()

5.04 millions units*

Existing home median price ()

$209,500

Housing Starts ()

1.089 millions units*

New home sales ()

4.38 millions units*

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

National economic indicators

Home ownership

3rd Qtr 2014

+64.4%

3rd Qtr 2013

+65.3%

The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4) percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the third quarter 2013, while the rate in the West was not statistically different from the rate a year ago.

New home sales

November 2014

-1.6%

October 2014

-2.2%

Sales of new single-family houses in November 2014 were at a seasonally adjusted annual rate of 438,000. This is 1.6 percent (+/- 12.3%)* below the revised October 2014 estimate of 445,000.

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

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