Monthly Housing Trends Update December 2009
Posted on Thu, Dec 03, 2009
Our monthly housing trends update includes national and regional real estate trends.
We're seeing all-time low interest rates, and many people are sitting on the sidelines. How much house can you afford? Well, at 5% interest, for every $100,000 you borrow, you need about $33,000 in pre-tax annual income. The Home Coach Team is happy to be a trusted resource for you. Please let us know if we can help.
National Housing Indicators
Existing Home Sales (October 2009):
6.10 millions units*
Existing Home Median Price (October 2009):
$173,100
Housing Starts (October 2009):
529,000 units*
New Home Sales (October 2009):
430,000 units*
*seasonally adjusted annual rate
Source: NATIONAL ASSOCIATION OF REALTORS®.
National Economic Indicators
Homeownership Rate
| 3rd Qtr 09 | 3rd Qtr 08 |
| | |
| 67.6% | 67.9% |
Thehomeownership rate (67.6 percent) for the current quarter was notstatistically different from the third quarter 2008 rate (67.9 percent)or from last quarter's rate (67.4 percent).
New Home Sales
| Oct 09 | Sept 09 |
| | |
| | |
| +6.2% | -2.4% |
Salesof new one-family houses in October 2009 were at a seasonally adjustedannual rate of 430,000. This is 6.2% above the revised September 2009estimate of 405,000.
National Home Sales
National Sales Price of Homes
| | Homes
$173,100 | Single Family
$173,100 | Condo/Co-op
$172,900 |
| vs. last year: |  -7.1% | -6.8% | -10.4% |
Regional Home Sales
| | U.S.
6,100,000 | Northeast
1,060,000 | Midwest
1,430,000 | South
2,300,000 | West
1,310,000 |
| vs. last month: |  10.1% | 11.6% | 14.4% | 12.7% | 1.6% |
| vs. last year: | 23.5% | 27.7% | 28.8% | 25.7% | 12.0% |
Regional Sales Price of Homes
| | U.S.
$173,100 | Northeast
$235,400 | Midwest
$146,600 | South
$151,100 | West
$220,200 |
| vs. last year: | -7.1% | -2.6% | 1.1% | -6.3% | -14.7% |
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Regional Single Family Home Sales
| | U.S.
5,330,000 | Northeast
770,000 | Midwest
1,290,000 | South
2,080,000 | West
1,190,000 |
| vs. last month: | 9.7% | 10.0% | 13.2% | 13.0% | 0.8% |
| vs. last year: | 21.4% | 24.2% | 27.7% | 23.1% | 11.2% |
|
Regional Sales Price of Single Family Homes
| | U.S.
$173,100 | Northeast
$239,500 | Midwest
$145,900 | South
$153,000 | West
$225,700 |
| vs. last year: | -6.8% | -1.2% | 3.1% | -5.2% | -15.0% |
Regional Condo/Co-Op Sales
| | U.S.
770,000 | Northeast
290,000 | Midwest
140,000 | South
220,000 | West
120,000 |
| vs. last month: | 13.2% | 16.0% | 27.3% | 10.0% | 9.1% |
| vs. last year: | 40.8% | 38.1% | 42.9% | 52.8% | 26.3% |
Regional Sales Price of Condo/Co-Ops
| | U.S.
$172,900 | Northeast
$224,400 | Midwest
$153,200 | South
$133,300 | West
$165,400 |
| vs. last year: | -10.4% | -6.3% | -16.7% | -13.3% | -11.5% |