Pat Schelling
Long & Foster
804-435-2728
387 Chesapeake Dr., PO Box 1090, White Stone, VA 22578     Phone: 804-435-2673 (216)    Fax: 804-435-0052   
APRIL-2010 Newsletter
Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on local communities.
 
What's Happening in Local Markets?
 
*Prepared by National Association of REALTORS®
**Prepared by Clarus MarketMetrics
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
Pending Home Sales Show Healthy Gain, Hint at Spring Surge
Washington, April 05, 2010 Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. More...
February Existing-Home Sales Ease with Mixed Conditions Around the Country
Washington, March 23, 2010 Existing-home sales declined slightly in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®. More...
New Fannie Mae, Freddie Mac Structures Should Ensure Availability of Mortgage Capital and Protect Taxpayer Dollar
Washington, March 23, 2010 Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should be restructured as government-chartered, non-shareholder owned authorities, the National Association of Realtors® said in congressional testimony today. More...
Severe Weather Impacting Market
Washington, March 04, 2010 Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®. More...
National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
HouseLogic is a free source of information and tools from the NATIONAL ASSOCIATION OF REALTORS® with content covering home improvement, maintenance, taxes, finance, insurance and even ways you can get involved in and enrich your community.
This Month’s
Consumer Articles
Protect Yourself and Your Home from Flooding
Few places in the country are considered free from flooding, so protect your home and family. More...
Emergency Preparedness for Homeowners
HouseLogic talks to Red Cross disaster response expert Court Ogilvie about emergency preparedness for homeowners. More...
Budget-Smart Remodeling
HouseLogic sat down with author and architect Sarah Susanka to talk about remodeling that builds value and saves money. More...
Georgia's Sea Island Home is Perfect for Large Family
Georgia's lush resort community located on the southeastern coast is the perfect setting for a growning family with 6 bedrooms and 7 1/2 baths, pool, bar and fabulous gathering areas. See SlideShow...
10 Tips for Saving Water in the Garden
Pick the right plants for your local growning conditions to save water, cut down on maintenance and still have a beautiful yard. Even if you don’t live in a dry climate, fresh water may be an increasingly scarce and expensive commodity. More...
 

National
Housing Indicators
Existing Home Sales
(February 2010)
5.02 million units*
Existing Home Median Price
(February 2010)
$165,100
Housing Starts
(February 2010)
575,000 units*
New Home Sales
(February 2010)
308,000 units*
*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.


National
Economic Indicators
Homeownership Rate
4th Qtr 09 4th Qtr 08
67.2% 67.5%

The homeownership rate in the fourth quarter 2009 (67.2 percent) was not statistically different from the fourth quarter 2008 rate (67.5 percent). In the South, the homeownership rate was lower than a year ago, while no other region showed any significant change from corresponding fourth quarter 2008 rates.
New Home Sales
Feb 2010 Jan 2010
 
 
 
-2.2% -8.7%

Sales of new one-family houses in February 2010 were at a seasonally adjusted annual rate of 308,000. This is 2.2% below the revised January 2010 estimate of 315,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
February 2010 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
5,020,000
Single Family
4,370,000
Condo/Co-op
650,000
vs. last month:  -0.6%  -1.4%  4.8%
vs. last year:  7.0%  4.3%  30.3%

National Sales Price of Homes
  Homes
$165,100
Single Family
$164,300
Condo/Co-op
$170,200
vs. last year:  -1.8%  -2.1%  -0.2%


Regional Home Sales
  U.S.
5,020,000
Northeast
840,000
Midwest
1,110,000
South
1,850,000
West
1,220,000
vs. last month:  -0.6%  2.4%  2.8%  -1.1%  -4.7%
vs. last year:  7.0%  12.0%  8.8%  6.9%  3.4%

Regional Sales Price of Homes
  U.S.
$165,100
Northeast
$254,700
Midwest
$128,000
South
$139,600
West
$207,900
vs. last year:  -1.8%  7.5%  -2.0%  -4.2%  -9.8%

Regional Single Family Home Sales
  U.S.
4,370,000
Northeast
610,000
Midwest
1,010,000
South
1,650,000
West
1,100,000
vs. last month:  -1.4%  1.7%  3.1%  -2.4%  -5.2%
vs. last year:  4.3%  8.9%  6.3%  3.8%  0.9%

Regional Sales Price of Single-Family Homes
  U.S.
$164,300
Northeast
$262,000
Midwest
$126,100
South
$142,600
West
$213,900
vs. last year:  -2.1%  8.2%  -1.7%  -3.1%  -9.2%

Regional Condo/Co-Op Sales
  U.S.
650,000
Northeast
230,000
Midwest
100,000
South
200,000
West
120,000
vs. last month:  4.8%  4.5%  0.0%  11.1%  0.0%
vs. last year:  30.3%  19.8%  35.1%  41.8%  30.4%

Regional Sales Price of Condo/Co-ops
  U.S.
$170,200
Northeast
$235,200
Midwest
$147,700
South
$114,800
West
$152,600
vs. last year:  -0.2%  7.1%  -3.8%  -10.9%  -9.2%

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