Thomas Merical

Keller Williams-Dulles North

20130 Lakeview Center Plaza
Ashburn, VA 20147


Cell: 703-957-0197   
Phone: 703-585-8240 
Fax: 703-636-2674

Housing Trends

July 2014

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National market update

Existing-Home Sales Up in June, Unsold Inventory Shows Continued Progress

WASHINGTON (July 22, 2014) – Existing-home sales increased in June and reached an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors®. Read more

International Home Buyers Continue to Invest in Profitable U.S. Market, Realtors® Report

WASHINGTON (July 8, 2014) – Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments.
Source: NAR
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National housing indicators

Existing home sales (June)

5.04 million units* *

Existing home median price (June)

$223,300

Housing Starts (June)

893,000 *

New home sales (June)

504,000 *

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

National economic indicators

Home ownership

2nd Qtr 2013

65.0%

2nd Qtr 2014

64.7%

The homeownership rate in the second quarter 2014 was 64.7 percent, down 0.3 (+/- 0.4)* percentage points from the second quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast and South were lower than the rates in the second quarter 2013, while the rates in the Midwest and West were not statistically different from the rates a year ago.

New home sales

June 14

-8.1%

May 14

+8.3%

Sales of new single-family houses in June 2014 were at a seasonally adjusted annual rate of 406,000. This is 8.1 percent (+/- 12.3%)* below the revised May 2014 estimate of 442,000.

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 150 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.

Thomas Merical

Specializing Northern Virginia Luxury Homes, Military and Relocation, Northern Virginia First Time Buyers, Northern Virginia Residential Listing Specialist, Investor and Referral Networks, Northern Virginia Investment and Rental Properties 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

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

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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8 Tips to Prepare a Home for Rental

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Existing Home Statistics

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