Gail Griffin
Evergreen Realty & Assocites
909-952-9515
860 W. Imperial Highway, Suite N, Brea, CA 92821           RE License #: 01348921
MAY-2010 Newsletter
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, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, and information on local communities.
Daily Real Estate Market Outlook
Economists' Commentaries provide an in-depth look at trends and current news related to housing and the real estate market.   Click here
What’s New
National Real Estate Market
Pending Home Sales on an Upswing
Washington, May 04, 2010 Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. More...
Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions
Washington, April 22, 2010 Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors®. More...


National Real Estate Market Articles    Source:NATIONAL ASSOCIATION OF REALTORS®.
HouseLogic is a free source of information and tools from the NATIONAL ASSOCIATION OF REALTORS® with content covering home improvement, maintenance, taxes, finance, insurance and even ways you can get involved in and enrich your community.
This Month’s
Consumer Articles
Is the Cost of Flood Insurance Worth It?
Flooding risks, as well as the value of your home and your possessions, help determine whether the cost of flood insurance is worth it. Flood insurance can fill that gap in coverage, but before you invest in it, take an hour or two to review your current homeowners policy. More...
What will 25 Million Dollars Buy in Napa Valley?
WSJ.com gives us a peek inside 3 magnificent homes currently for sale: Robert Mondavi's, Richard Chamberlin's, and Kenneth Lewis'. From Napa Valley to Hawaii to South Carolina, enjoy lifestyles of the rich and famous. View Slideshow...


Solar Pool Heaters Can Lower Energy Costs
The upfront investment is high, but solar pool heaters can lower energy costs by harnessing the renewable energy of the sun. More...
Plant Trees To Save Energy and Grow Value
Plant a tree to add value to your home and have a positive impact on the environment. Trees don’t ask for much—dirt, water, sunlight. Yet they provide a wealth of benefits: They improve the air you breathe, cut your energy bills with their shade, provide a home to wildlife, and add beauty and value to your home. More...
Forbes Asks Experts to Select
Forbes.com asks experts to select prettiest towns in America. Was your town in the picking? View the slideshow...
Outdoor Appliance Guide: Sinks
Outdoor sinks are similar to their indoor counterparts; the real difference is the cost of running outdoor plumbing. More...


 

National
Housing Indicators
Existing Home Sales
(March)
5.35 million units*
Existing Home Median Price
(March)
$170,700
Housing Starts
(March)
626,000 units*
New Home Sales
(March)
411,000 units*
*seasonally adjusted annual rate
Source NATIONAL ASSOCIATION OF REALTORS®.


National
Economic Indicators
Homeownership Rate
1st Qtr 10 1st Qtr 09
67.1% 67.3%

The homeownership rate in the first quarter 2010 (67.1 percent) was not statistically different from the first quarter 2009 rate (67.3 percent). In the West, the homeownership rate was lower than a year ago, while no other region showed any significant change from corresponding first quarter 2009 rates.
New Home Sales
Mar 10 Feb 10
 
 
 
+26.9% -4.1%

Sales of new one-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000. This is 26.9% above the revised February 2010 estimate of 324,000
Source U.S. CENSUS BUREAU

Real Estate Sales Statistics
March 2010 Existing Home Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.

Metropolitan Prices & State Sales
 View Prices / % Changes for 159 Cities & Metropolitan Areas
    State Home Sales |  Total Sales of Single-family and Condo/Co-ops
    Housing Affordability Index |  Click Here to view details
  Mouse over the map to view
Regional Definitions
   
   
National Home Sales
  Homes
5,350,000
Single Family
4,680,000
Condo/Co-op
670,000
vs. last month:  6.8%  7.3%  3.1%
vs. last year:  16.1%  13.3%  39.3%

National Sales Price of Homes
  Homes
$170,700
Single Family
$170,700
Condo/Co-op
$170,600
vs. last year:  0.4%  0.6%  -0.7%


Regional Home Sales
  U.S.
5,350,000
Northeast
890,000
Midwest
1,190,000
South
1,970,000
West
1,300,000
vs. last month:  6.8%  6.0%  7.2%  7.1%  6.6%
vs. last year:  16.1%  25.4%  15.5%  13.9%  14.0%

Regional Sales Price of Homes
  U.S.
$170,700
Northeast
$249,800
Midwest
$139,300
South
$154,800
West
$209,400
vs. last year:  0.4%  8.9%  0.2%  5.2%  -7.9%

Regional Single Family Home Sales
  U.S.
4,680,000
Northeast
640,000
Midwest
1,090,000
South
1,770,000
West
1,180,000
vs. last month:  7.3%  4.9%  7.9%  7.9%  7.3%
vs. last year:  13.3%  20.8%  13.5%  11.3%  12.4%

Regional Sales Price of Single-Family Homes
  U.S.
$170,700
Northeast
$257,400
Midwest
$137,900
South
$158,800
West
$214,700
vs. last year:  0.6%  10.5%  0.4%  6.9%  -7.7%

Regional Condo/Co-Op Sales
  U.S.
670,000
Northeast
250,000
Midwest
100,000
South
200,000
West
120,000
vs. last month:  3.1%  8.7%  0.0%  0.0%  0.0%
vs. last year:  39.3%  42.0%  38.9%  39.9%  33.3%

Regional Sales Price of Condo/Co-ops
  U.S.
$170,600
Northeast
$230,300
Midwest
$154,000
South
$119,500
West
$156,900
vs. last year:  -0.7%  2.8%  -2.2%  -7.7%  -5.9%

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