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

September 2014

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National market update

Existing-Home Sales Slightly Lose Momentum in August as Investor Activity Declines

WASHINGTON (September 22, 2014) – After four consecutive months of gains, existing-home sales slipped in August as investors paying in cash retreated from the market, according to the National Association of Realtors®. Sales increases in the Northeast and Midwest were outweighed by declines in the South and West.

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Realtors® President Calls on Policy Makers to Protect Middle Class Homeownership at Bipartisan Policy Center Housing Summit

WASHINGTON (September 16, 2014) – National Association of Realtors® President Steve Brown delivered remarks about the ongoing obstacles to mortgage credit facing creditworthy buyers today at the Bipartisan Policy Center’s 2014 Housing Summit, Housing America’s Future: New Directions for National Policy.

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National housing indicators

Existing home sales (August)

5.05 million units*

Existing home median price (August)

$219,800

Housing Starts (August)

9.56 million units*

New home sales (August)

4.12 million units*

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

National economic indicators

Home ownership

2nd Qtr 2014

+64.7%

2nd Qtr 2013

+65.0%

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

July 2014

-2.4%

June 2014

-7.0%

Sales of new single-family houses in July 2014 were at a seasonally adjusted annual rate of 412,000. This is 2.4 percent (+/- 11.9%)* below the revised June 2014 estimate of 422,000.

Source: U.S. CENSUS BUREAU

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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

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.

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Existing Home Statistics

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