Patty Newton

RE/MAX Fine Properties

4500 Highway 6
Sugar Land, TX 77478


Cell: 832-423-8609   
Phone: 281-265-5533 (1188)
Fax: 281-494-5537

Housing Trends

June 2018

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National market update

Existing-Home Sales Slide 2.5 Percent in April

WASHINGTON (May 24, 2018) — After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors®. All four major regions saw no gain in sales activity last month.





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Home-Buying Frenzy Sets a Record as California Loses Its Grip on Hottest Markets

As the home-buying season enters its most frenetic period, the pace of sales set new records in May, according to an analysis of realtor.com® data for the month. That's not all: Listing prices also continued to set records. However, in the end of a historic run, the majority of the hottest markets in the country are no longer in California.





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National housing indicators

Existing home sales (April)

5.46 millions units*

Existing home median price (April)

$257,900

Housing Starts (April)

1.287 millions units*

New home sales (March)

0.662 millions units*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

1st Quarter 2018

64.2%

The homeownership rate of 64.2 percent was not statistically different from the rate in the first quarter 2017 (63.6 percent) and virtually unchanged from the rate in the fourth quarter 2017 (64.2 percent).

New home sales

March 2018

4.0%

April 2018

-1.5%

Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000, but is 11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000.

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.

Patty Newton

Hope 2016 is going well for you so Far. I thought you might be interested in hearing about how our real estate market is doing. If you or someone you know is looking to Buy or Sell anywhere in the World, please give me a call. I'm now part of an international Referral Network. Thank you!

Our Real Estate Market continues to be strong and interest rates are at historically low rates. If you've been thinking about selling or buying, Now is the time!! Give me a call and I can help.

Despite wintery weather, our local housing market remains HOT. Now is a GREAT time to buy (or sell) a home!! Please let me know how I can help!!

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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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There’s a reason the next generation of homeowners is flocking to these 10 metros—and it flies in the face of conventional wisdom.



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Even in a hot market, it’s still possible to get a good deal on a house. Keep an eye out for sellers who might be open to a lower offer.



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How Often Should You Wash Your Sheets—and What If You Don’t?

We asked a scientist what really happens when you don’t wash your sheets often enough.



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Existing Home Statistics

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