Pilar Tobias

Tobias Realty

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


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

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.

Pilar Tobias

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Existing Home Statistics

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