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National market update

February Existing-Home Sales Remain Subdued

WASHINGTON (March 20, 2014) – Home prices continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of Realtors®. Read more

Pending Home Sales Hold Steady in January

WASHINGTON (February 28, 2014) – Pending home sales were essentially unchanged in January, according to the National Association of Realtors®. Monthly gains in the South and Northeast were offset by declines in the West and Midwest.

 

National housing indicators

Existing home sales (February)

4.60*

Housing Starts (February)

907,000*

Existing home median price (February)

$189,000

New home sales (February)

444000*

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

National economic indicators

Home ownership

4th Qtr 2012

65.4%

4rd Qtr 2013

65.2%

The homeownership rate in the fourth quarter 2013 was 65.2 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2012 rate of 65.4 percent. The homeownership rate in the Northeast was lower than its corresponding fourth quarter 2012 rate, while the rates in the Midwest, South, and West were not statistically different from the rates a year ago.

New home sales

December 2013

-3.8%

January 2014

+9.6%

Sales of new single-family houses in January 2014 were at a seasonally adjusted annual rate of 468,000. This is 9.6 percent (+/- 17.9%)* above the revised December 2013 estimate of 427,000.
Source: U.S. CENSUS BUREAU
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About Erika Lewis

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