Wednesday, May 18, 2011

Duane's Housing Newsletter for May 2011

Duane Beisner
ERA NOC
714-996-3000 begin_of_the_skype_highlighting 714-996-3000 end_of_the_skype_highlighting
18431 Yorba Linda Blvd. , Yorba Linda, CA 92886 Phone: 714-996-3000 begin_of_the_skype_highlighting 714-996-3000 end_of_the_skype_highlighting (347) Fax: 714-495-4089 RE License #: 000922327
MAY-2011 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 New
National Real Estate Market
Pending Home Sales Rise Again in March
Washington, DC, April 28, 2011 - March saw another increase in pending home sales, with contract activity rising unevenly in six of the past nine months, according to the National Association of Realtors®. More...
Existing-Home Sales Rise in March
Washington, DC, April 20, 2011 - Sales of existing-home sales rose in March, continuing an uneven recovery that began after sales bottomed last July, 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
NAR Study Finds Americans Prefer Smart Growth Communities
Washington, DC, April 04, 2011 - Americans favor walkable, mixed-use neighborhoods, with 56 percent of respondents preferring smart growth neighborhoods over neighborhoods that require more driving between home, work and recreation. That’s according to a recent study, the Community Preference Survey, by the National Association of REALTORS®. Walkable communities are defined as those where shops, restaurants, and local businesses are within walking distance from homes. More...
Fence Etiquette: Tips to Avoid Neighbor Disputes
If you practice fence etiquette and bone up on local zoning regs, you can avoid neighbor disputes. If you install a fence, it's your responsibility to make sure both sides are well-maintained. Avoid fence disputes by practicing fence etiquette—a good neighbor policy. If you follow zoning regulations and share basics with neighbors before construction, you can install a new fence AND stay on good terms with the folks next door. More...
Is the Cost of Flood Insurance Worth It?
Flooding risks, as well as the value of your home and your possessions, help determine whether the cost of flood insurance is worth it. Damage caused by driving rain is usually covered under standard homeowners insurance policies. Once the precipitation hits the ground, however, all bets may be off. More...
7 Ways to Ready Your Home for Spring
As the seasons change and things start to warm up again, it's time to start thinking about what's outside. Here's my annual spring checklist of chores you want to be considering in order to clean up after winter's wrath and start getting ready for an enjoyable summer. More...
Beware When Rolling Debt into Mortgage
Question: I think I already know the answer to this, but it doesn't hurt to ask. What do you think about having your debt consolidated into a real estate mortgage loan? More...

National
Housing Indicators
Existing Home Sales
(March)
5.10 million units*
Existing Home Median Price
(March)
$159,600
Housing Starts
(March)
549,000 units*
New Home Sales
(March)
254,000 units (Feb)*
*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.

National
Economic Indicators
Homeownership Rate
1 Qtr 11 4Qtr 10
66.4% 66.5%

The homeownership rate in the first quarter 2011 (66.4 percent) was lower than the first quarter 2010 rate (67.1 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from the corresponding first quarter 2010 rates.
New Home Sales
Mar 11 Feb 11
+11.1% -13.5%

Sales of new one-family houses in March 2011 were at a seasonally adjusted annual rate of 300,000. This is 11.1 percent above the revised February 2011 estimate of 270,000.
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
March 2011 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
5,100,000
Single Family
4,450,000
Condo/Co-op
650,000
vs. last month: 3.7% 4.0% 1.6%
vs. last year: -6.3% -6.5% -4.1%

National Sales Price of Homes
Homes
$159,600
Single Family
$160,

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