JUN-2009 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
Judy Reynolds 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
Enter a ZIP code to view a report. For a
comparison report, enter a second ZIP.
Compare Community Amenities
Compare Community Statistics
* Shopping and Groceries
* Public Services
* Places of Worship
* Recreation and Leisure
* Food and Drink
* Population
* Households
* Education
* Housing
* Transporation
* Income
* Employment
* Net Worth
* Cost of Living
* Climate
Source: REALTOR.com
National Real Estate Market Update
Realtors® See Buyers Returning to Market
WASHINGTON, May 14, 2009 Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales market, have increased home sales in many areas of the country. “There has never been a better time to buy,” said National Association of Realtors® Chief Economist Lawrence Yun. More...
Credit is Key to Real Estate Recovery
WASHINGTON, May 12, 2009 Improving the availability of credit and access to capital are essential to recovery in the real estate market. Addressing these challenges was the focus of the "Financing Real Estate for Tomorrow" session, part of the National Association of Realtors®' daylong "Real Estate Summit: Advancing the U.S. Economy.” More...
Existing-Home Sales Rise in April
WASHINGTON, May 27, 2009 Existing-home sales rose in April with strong buyer activity in lower price ranges, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 2.9 percent. More...
Pending Home Sales Up for Three Months in a Row
WASHINGTON, June 02, 2009 Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
May 2009 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 Judy Reynolds Register Real Estate Advisors
Consumer Tips & Cool Properties
The American Dream
Emotion plays a major role in why we buy most everything. We justify our emotionality with logic. It is really why we buy a home. "It was a smart move". "It was the right thing to do". "The schools are the best in the city". The housing market is based on these biases and emotionalities. It is all part of the American dream. More...
Guard Your Mail
Your mail can be an easy source of sensitive information about you and your financial world to identity thieves. There are three Ps of postal protection to make sure they can’t get at it! More...
The Art of Negotiation
All aspects of a real estate transaction involve negotiation. Depending on your tolerance for the give and take of making a deal, this part of selling or buying property will excite or terrify you. Sure, you could grab top dollar for your home—or you could be talked into a boatload of reasonablesounding concessions. More...
Take Care of Your Home
There are two times when you should pay particular attention to home maintenance before you buy the home and when you’re selling it. Oh, and all the time in between as well. Yes, taking good care of your home is essential if you want to preserve the highest possible value of your property and to ensure that you get the most utility and comfort from your residence. More...
Showing You the Money
Unless your bank account can cover a check for hundreds of thousands of dollars, you’ll need to borrow money to purchase a house. That’s where your mortgage loan enters the transaction. However, you should start the process of securing financing before you make an offer on a home so when the time comes, you’ll be ready, willing and able to purchase the property. More...
Why They Love Their Hometown
American love their hometowns. Find out why and what's important to them. More...
Mortgage Rates
Mortgage Calculator
National
Housing Indicators
Existing Home Sales (April) 4.68 million units*
Existing Home Median Price (April) $170,200
Housing Starts (April) 458,000 units*
New Home Sales (April) 352,000 units*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
1st Qtr 09
1st Qtr 08
67.3%
67.8%
The homeownership rate (67.3 percent) for the current quarter was lower than the rate in first quarter 2008 (67.8 percent), but not statistically different from the rate in fourth quarter 2008 (67.5 percent).
New Home Sales
Apr 09
Mar 09
+0.3%
-3.0%
Sales of new one-family houses in April 2009 were at a seasonally adjusted annual rate of 352,000. This is 0.3% below the revised March 2009 estimate of 351,000.
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
2.9%
-3.5%
