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National market update
First-time Buyers Steer Existing-Home Sales Higher in September
WASHINGTON (October 20, 2016) — Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.
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Homes For Sale: Ghosts Included
Some home sellers and real estate professionals are using Halloween to market the "haunted home” reputation of their listing. And for fodder, here are some of the spookiest listings for sale across the country, according to TopTenRealEstateDeals.com
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National housing indicators
Existing home sales (September)
5.47 millions units*
Existing home median price (September)
$234,200
Housing Starts (September)
1.047 millions units*
New home sales (August)
0.609 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
3rd Quarter 2016
63.5%
3rd Quarter 2015
63.7%
The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.5)* lower than the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.5)* high than the second quarter 2016 rate(62.9 percent).
New home sales
Sept 2016
+3.1%
Aug 2016
-7.6%
Sales of new single-family houses in September 2016 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.1 percent (±16.2%)* above the revised August rate of 575,000 and is 29.8 percent (±23.4%) above the September 2015 estimate of 457,000.
Source: U.S. CENSUS BUREAU
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Regional market updates
View market statistics for your region.
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.
Local Prices & State Sales
Debby Brown
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.
Consumer tips & hot properties
Is Fall Actually the Best Season to Buy a Home?
Spring and summer see most of the real estate action, but autumn may be a better time to find and purchase a home.
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How Home Stagers Fool You With Visual Tricks
These pros know how to draw buyers' eyes to all the right places. Here's how they do it—and how you can, too.
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The Cutoff Credit Score to Get a Mortgage
If your credit history is less than stellar, you might be wondering at what point a lender will just throw out your application.
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Moving? Purge Your Home of These 9 Things First
Don't lug a bunch of stuff you should really discard to your new home. These items are prime offenders.
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Save Your Money: Don't Buy These Things at Ikea
Ikea's inexpensive Scandinavian housewares come in two types: ones you should buy, and ones you should avoid at all costs.
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.