AUGUST 2010 Newsletter
Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, REALTOR.com local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.
What's Happening in Local Markets?
Local Market Reports for 150 Metropolitan Housing Markets *Local Prices & State Sales
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
Leslie Wells Messages
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. more...
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. 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 eFrogPond,Inc.
Community Reports on REALTOR.com
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Source: REALTOR.com
National Real Estate Market Update
Broad Stabilization in Second Quarter Metro Area Home Prices with Strong Sales
Washington, August 11, 2010 The trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of Realtors®. More...
House Passes Flood Insurance Reform Bill That Extends Program to 2015
Washington, July 15, 2010 The House today approved a flood insurance reform bill that would reauthorize the National Flood Insurance Program to September 30, 2015, a provision strongly supported by the National Association of Realtors®. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
July 2010 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.
Metropolitan Prices & State Sales
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.
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Contact Me for all of your Real Estate needs Leslie Wells Leslie Wells Realty
Consumer Tips & Cool Properties
7 Tips for Saving Energy with Home Lighting
Lighting eats up as much as 20% of your annual electric bill, but using energy-efficient bulbs and making other simple changes can cut lighting costs dramatically. More...
Umbrella Insurance and Homeowner Liability
Umbrella Insurance offers added homeowner liability protection that kicks in after homeowners insurance reaches its coverage limits. More...
Outdoor Lighting Improves Curb Appeal and Safety
Well-planned outdoor lighting improves curb appeal, safety, and security for your home. More...
What will $220 Million Buy in London?
One Hyde Park is the address commanding outrageous pricing of pure luxury. Candy Spelling, sorry but you move into 2nd place even with your gift wrapping room. More...
The Appeal of the Rural Mansions
Want privacy? Want luxury? See what's tucked away in the some of the most pictureque rural areas from mountains to the streams. More...
Mortgage Rates
Mortgage Calculator
National
Housing Indicators
Existing Home Sales (June) 5.37 million units*
Existing Home Median Price (June) $183,700
Housing Starts (June) 549,000 units*
New Home Sales (June) 330,000 units*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
2nd Qtr 10
2nd Qtr 09
66.9%
67.4%
The homeownership rate in the second quarter 2010 (66.9 percent) was lower than the second quarter 2009 rate (67.4 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from corresponding second quarter 2009 rates.
New Home Sales
June 10
May 10
+23.6%
-36.7%
Sales of new one-family houses in June 2010 were at a seasonally adjusted annual rate of 330,000. This is 23.6% above the revised May 2010 estimate of 267,000.
Information contained in this eNewsletter is compiled from a variety of sources. The accuracy and authenticity has not been verified by eFrogPond, Inc., is subject to change, is provided "as is" and is not guaranteed. The views expressed herein do not necessarily reflect those of eFrogPond, Inc.
eFrogPond, Inc. makes no representations or warranties of any nature with regard to the privacy and/or business practices of the websites linked from or to this eNewsletter nor the accuracy and authenticity of any information contained in such websites, and is not responsible for any content contained in any linked site or for any action or lack of action by any linked site whatsoever, including their use of any information they may collect.
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. more...
Metropolitan Prices & State Sales
National Home Sales
-5.1%
9.8%
