Claudio Andrade

Home Team of America

14780 Memorial Dr # 103
Houston, TX 77079


Cell: 713-252-5604   
Phone: (713) 252-5604 

Housing Trends

February 2018

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National market update

Existing-Home Sales Fade in December; 2017 Sales Up 1.1 Percent

WASHINGTON (January 24, 2018) — Existing-home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years, according to the National Association of Realtors®.





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Tired of Big-City Squeeze? Score a Bargain in America's 10 Cheapest Housing Markets

We live in a nation of sharply etched haves and have nots—and nowhere does that dividing line cut deeper than in the world of housing. Here at realtor.com®, we spend a lot of time chronicling the "haves," those soaring, seductive, sought-after metros where inexorable rises in home prices are rivaled only by unstoppable increases in wages, jobs, bleeding-edge trendiness, and four-star fusion chefs.





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National housing indicators

Existing home sales (Dec)

5.57 millions units*

Existing home median price (Dec)

$246,800

Housing Starts (Dec)

1.192 millions units*

New home sales (Nov)

0.733 millions units*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

3rd Quarter 2017

63.9%

The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).

New home sales

October 2017

-9.3%

November 2017

+17.5%

Sales of new single-family houses in December 2017 were at a seasonally adjusted annual rate of 625,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.3 percent (±11.0 percent)* below the revised November rate of 689,000, but is 14.1 percent (±13.0 percent) above the December 2016 estimate of 548,000. An estimated 608,000 new homes were sold in 2017. This is 8.3 percent (±4.1 percent) above the 2016 figure of 561,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Claudio Andrade

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. Read more

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. Read 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 Move,Inc.

Consumer tips & hot properties

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Tired of Big-City Squeeze? Score a Bargain in America's 10 Cheapest Housing Markets

These metro markets have the least expensive home prices—and that's not all that brings people to town.



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The 3 Best Reasons to Buy a Home in 2018 (but You'd Better Hurry)

Yes, home prices have been sky-high and choices limited. But market conditions are changing, and this could be your year to buy—as long as you do it soon.



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5 Reasons It'll Pay to Sell Your Home Early in 2018

If you want to unload your home fast and for maximum bucks, your window of opportunity may be narrowing. Here's why.



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4 Rock-Solid Reasons to Remodel Your Home in 2018

The longer you wait, the more expensive it will be to renovate or remodel your home. So if you’ve been on the fence, this may be the year to get decisive. Here’s why.



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These Will Be the Year's Most Coveted Design Trends

Our stable of tastemakers has given us the ultimate scoop on the hottest interior design and decor trends for 2018. And trust us: It’ll be a gorgeous year.



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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.