NOVEMBER-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
Samantha Mitchell 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
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Source: REALTOR.com
National Real Estate Market Update
Pending Home Sales Rise for Record Eight Straight Months
Washington, November 02, 2009 Pending home sales rose again, marking eight consecutive monthly gains – the longest streak since measurement began in 2001, according to the National Association of Realtors®. More...
NAR Commends Congressional Action to Extend Higher Mortgage Loan Limits
Washington, October 30, 2009 The resolution would extend the present loan limits for FHA, Fannie and Freddie through the 2010 calendar year at 125 percent of local median home sales prices, up to a maximum of $729,750 in high-cost areas. The floor for FHA is $271,050; the floor for Fannie Mae and Freddie Mac conforming loan limits is $417,000. More...
Housing Tax Credit Working, So Keep Momentum Going, NAR Urges Congress
Washington, October 20, 2009 Consumers are just starting to see the first glimmers of a bright future for the housing market and the overall economy. It’s up to Congress to make that glimmer a reality by building on the momentum created by the $8,000 home buyer tax credit. More...
National Real Estate Market Articles
Source:NATIONAL ASSOCIATION OF REALTORS®.
October 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 Samantha Mitchell Texas Capital Properties
Consumer Tips & Cool Properties
Selling Your Home? Most-Value, Quick-Fix Updates
With home prices down across most of the country, home sellers can’t afford to make mistakes when getting their home ready to list. What are the 4 best updates for owners who are tight on cash? More...
New Credit Card Legislation to Affect All
Unless you’re one of the few Americans who doesn’t use credit cards, you’ll see some big changes on Feb. 22, 2010. Learn how provisions of the Credit Card Act of 2009 will affect the way you receive credit and interact with your credit-card issuer. More...
Sports Fans Live Here
Football season is in full force and fans are cheering for their professional and college teams all over the country. But where are the best cities for fans of football … and basketball, hockey, baseball and more? More...
Always Wanted to Live in a Mansion? Now You Can!
Have you been eyeing certain properties with gorgeous views, sprawling grounds, 5+ bedrooms? Check with your Realtor because the recession has slashed prices. It's time to buy your dream mansion. More...
How to Select a Storage Facility
There will be a time in your life when you need offsite storage for some or all of your household items. Learn what to look for when choosing a facility to keep your belongings safe and secure. More...
Mortgage Rates
Mortgage Calculator
National
Housing Indicators
Existing Home Sales (September 2009) 5.57 million units*
Existing Home Median Price (September 2009) $174,900
Housing Starts (September 2009) 590,000 units*
New Home Sales (September 2009) 402,000 units*
*seasonally adjusted annual rate SourceNATIONAL ASSOCIATION OF REALTORS®.
National
Economic Indicators
Homeownership Rate
3rd Qtr 09
3rd Qtr 08
67.6%
67.9%
The homeownership rate (67.6 percent) for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).
New Home Sales
Sept 09
Aug 09
-3.6%
+1.0%
Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000. This is 3.6% below the revised August 2009 estimate of 417,000.
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
9.4%
-8.5%
