C Michael Parker, P.A.

Coldwell Banker Residential Real Estate

1 S Ocean Blvd#2
Boca Raton, FL 33432


Cell: 5612134579   
Phone: 5613952233 
Fax: 5613952297

Housing Trends

August 2016

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National market update

Existing-Home Sales Lose Steam in July

WASHINGTON (August 24, 2016) — Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors®. Only the West region saw a monthly increase in closings in July.



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The Best Time to Invest Is Now?

Columnist Jeff Reeves with MarketWatch says right now is the best time ever to invest in real estate. He discounts fears by some about another housing crisis brewing – the uptick in "liar loans” or "Alt-A mortgages” and return of house flipping. He says any such bubble fears amount to "a lot of hogwash.



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National housing indicators

Existing home sales (July)

5.39 millions units*

Existing home median price (July)

$244,100

Housing Starts (July)

1.211 millions units*

New home sales (June)

0.654 millions units*

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

National economic indicators

Home ownership

1st Qtr 2016

+63.5%

1st Qtr 2015

+63.7%

The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.4)* lower than the first quarter 2015 rate (63.7 percent) and 0.3 percentage points (+/-0.4)* lower than the fourth quarter 2015 rate (63.8 percent).

New home sales

May 2016

+6.0%

April 2016

+16.6%

Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.0 percent (±12.8%)* below the revised April rate of 586,000, but is 8.7 percent (±14.6%)* above the May 2015 estimate of 507,000.

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 178 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.

C Michael Parker, P.A.

Inventory levels continue to impact pricing and create a perfect environment for those who have been thinking about selling! In the South, existing-home sales rose 2.3 percent to an annual level of 1.77 million in July and are 8.6 percent above July 2011. The median price in the region was $162,600, up 6.6 percent from a year ago. Read more

"Inventory shortage has become more prevalent & pronounced. The decline in inventory has been particularly sharp in the South & existing-home sales declined 4.4 percent to an annual pace of 1.73 million in June but are 5.5 percent above June 2011. The median price in the South was $165,000, up 6.6 percent from a year ago. Click link for more: Read more

With over 27 CLOSED properties in 2011 my production ranked me in the TOP 10 AGENTS at the Boca South Beach Branch in Boca Raton, FL. Last year my sales production increased 73% over 2010 and for the first quarter of 2012 I am on track to have my best quarter since joining Coldwell Banker in 2008. Let me put my expertise and success to work for you

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Existing Home Statistics

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