Pilar Tobias

Tobias Realty

110 N San Joaquin St. 2nd Floor
Stockton, CA 95202


Cell: 209-874-6762   
Phone: 209-565-0597 

Housing Trends

November 2015

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National market update

Existing-Home Sales Dial Back in October

WASHINGTON (November 23, 2015) — With mortgage rates remaining below 4 percent for the third straight month, existing-home sales in October were at a healthy pace but failed to keep up with September's jump, according to the National Association of Realtors®. All four major regions saw no gains in sales in October.

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The Scientific Secrets of What Makes a Happy Home

Home. The very word conjures up all sorts of warm and fuzzy feelings. But you’ve surely noticed that some people’s houses feel more homey than others. They say you can’t put happiness in a bottle—and yet recent research reveals plenty of ways to boost joy based on where you buy, how you renovate, and a bunch of other factors you may never have considered. Get clued in to these secrets of home happiness. You might just be rewarded with a significantly sunnier outlook.


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National housing indicators

Existing home sales ()

5.36 million units*

Existing home median price ()

$219,600

Housing Starts ()

1.060 millions units*

New home sales ()

0.468 millions units*

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

National economic indicators

Home ownership

3rd Qtr 2015

+63.7%

3rd Qtr 2014

+64.4%

The homeownership rate in the third quarter 2015 was 63.7 percent, down 0.7 (+/- 0.4) percentage points from the third quarter 2014 rate of 64.4 percent. The homeownership rate in the Northeast was lower than the rate one year ago, while the rates in the Midwest, South and West were not statistically different from the rates in the third quarter 2014.

New home sales

September 2015

-11.5%

August 2015

+5.2%

Sales of new single-family houses in September 2015 were at a seasonally adjusted annual rate of 468,000. This is 11.5 percent (+/- 11.3%) below the revised August 2015 estimate of 529,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

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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.

Pilar Tobias

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Existing Home Statistics

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