Recent Housing Trends

Welcome to my most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, dear blog reader, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends April 2017 Newsletter http://wendywonder.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://wendywonder.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0 

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Sincerely yours, 

Wendy Ceccherelli
Century 21 NW Realty

Recent Real Estate News

West Coast drives home prices to new highs

http://www.usnews.com/news/articles/2016-12-27/west-coast-drives-home-prices-to-new-highs

Foreign investors seeking “plain vanilla” real estate

http://www.wsj.com/articles/plain-vanilla-real-estate-gains-clout-with-chinese-1482848314

5 trends that will shape the housing market in 2017

http://fortune.com/2016/12/29/real-estate-trends-2017-2/

Happy Investing!

New Home Sales

New Home Sales were up in February. Will sales heat up even further this spring and summer? 

What is the New Home Sales report? The New Home Sales report shows the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends, and the volume of sales indicates housing demand. Also, the monthly supply of homes serves as an input into the level of housing pressure. 

What's happened recently? New Home Sales hit a seven-year high in February, rising 8 percent from January to an annual rate of 539,000 units, while January's sales were revised higher to 500,000. New Home Sales now stand at their best level since February 2008 and are up nearly 25 percent from the 432,000 recorded in February 2014. 

What's the bottom line? While pricing and sales for new homes were up, the Existing Home Sales report was not as promising, due in part to winter weather and low inventory. It remains to be seen if spring and summer will be strong seasons for the housing sector, but these early numbers for new homes sound another promising note in the recovery. 

Nevertheless, home prices are continuing to show signs of growth, as the S&P/Case-Shiller Home Price Index rose by 4.6 percent from January 2014 to January 2015. This is the biggest gain since September and up from the 4.4 percent annual rate recorded in December. The lofty price gains seen in 2013 and early 2014 may have cooled, but home price gains continue to be steady at what is considered normal levels. 

The bottom line is home loan rates continue to remain very attractive, making now a great time to consider a home purchase.

Happy Investing!


Today's blog courtesy of Steve Bighaus, Security National Mortgage Company

Housing Trends Newsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the current Housing Trends Newsletter

http://wendywonder.housingtrendsenewsletter.com

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

http://wendywonder.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for my readers. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and the opportunity to be your REALTOR® in the future.

Happy Investing,

Wendy Ceccherelli


Photo by Rodolfo Hernandez

Home Sales Climbing Nationwide

The National Association of REALTORS® reported that Existing Home Sales were up 4.9 percent from May to April, reaching an annual rate of 4.89 million units. That's the highest monthly rate since the 5.5 percent recorded in August 2011. Existing Home Sales is a measure of the selling rate of pre-owned, single-family homes, which accounts for over 80 percent of all houses sold.  New Home Sales, which tracks never before occupied homes, challenged the analysts by rising to a 6-year high in May. According to the U.S. Census Bureau, 504,000 new homes were sold. This was an 18.6 percent increase over April, marking the largest single-month increase in 22 years!  And according to the S&P/Case-Shiller Home Price Index—which measures changes in values between sales and is compiled into an index for select U.S. cities—all 20 tracked markets climbed nationwide in April.  What's the bottom line? While the supply of homes for sale has dwindled to an 11-month low overall, prices are going up, albeit at a much slower pace than in 2013. It remains to be seen whether the housing market will continue to expand through the remainder of the summer, but it's clear that great deals are here today.

Housing Market Trends

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the FEB-2014 Newsletter Housing Trends eNewsletter:
http://wendywonder.housingtrendsenewsletter.com?Newsletter_ID=309&Period_ID=418

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

It also includes press releases with charts and videos, key market indicators and real estate sales and price statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:
http://wendywonder.housingtrendsenewsletter.com?Newsletter_ID=309&Period_ID=418

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future.
Sincerely yours,

Wendy Ceccherelli
 Home Land Seattle
 PO Box 221013 Seattle
 WA 98122
 4252707292
 Email:HomeLandInvestment@gmail.com

(While I hope you find the information contained in this eNewsletter useful and informative, if you wish to no longer receive it, you may click on the “unsubscribe” link at the bottom of the newsletter.)


Happy Investing!

Life After Tax Credits: Part 2

Well, the Northwest Multiple Listing Service figures are in, and here are the results. Northwest MLS members reported 9,438 pending sales during April 2010, an increase of more than 36 percent from April 2009. Of these mutually accepted offers, 7,368 of them were in the four county Puget Sound region – the highest volume in this area since August 2006.

NWMLS brokers credit the increase to the effectiveness of the homebuyer tax credits and are optimistic about prospects for the future of the local housing market.

As of April 30, there were 39,999 active listings in the MLS database, about the same number as last April when inventory totaled 40,147 listings. There is now a 3.5 month supply of inventory in the four-county Puget Sound region, a rate that flips the market back to a sellers' rather than a buyers' market. Look to see well-priced homes sell in less than 30 days, and over-priced homes continue to sit on the market a long time....

The repeat homebuyers tax credit helped ratchet up home sales in the mid-price ranges, while there was a significantly higher increase in the number of high-end home sales. Last month, NWMLS members reported 93 closed sales of homes priced at $1 million or more, improving on last year's total of 52 such sales. Through the first four months of 2010, the number of closed sales at $1 million or more increased 65 percent from a year ago! Wealthy people know good deals when they see them!

The median price on last month’s closed sales of single family homes in King County was $375,000, only $5,000 (1.32 percent) less than a year ago.