Karla Mina

Coldwell Banker

1457 West Belmont
Chicago, IL 60657


Cell: 312-498-8473   
Phone: 773-935-4466 
Fax: 773-726-5431

Housing Trends

April 2017

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National market update

Existing-Home Sales Stumble in February

WASHINGTON (March 22, 2017) — After starting the year at the fastest pace in almost a decade, existing-home sales slid in February but remained above year ago levels both nationally and in all major regions, according to the National Association of Realtors®.



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Tough Sell: 6 Bedroom Design Trends That Buyers Hate

The bedroom is probably the most personal room in your house, and not just because it’s where all (or at least some) of the magic happens. After all, it’s where you snuggle up at the end of a long, cold day; where you retreat when you’re sick; where you stash the items that mean the most to you. Most likely, the decor scheme is also pretty close to your heart.



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National housing indicators

Existing home sales (February)

5.48 million units*

Existing home median price (February)

$228,400

Housing Starts (February)

1.288 millions units*

New home sales (January)

0.555 millions units*

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

National economic indicators

Home ownership

3rd Quarter 2016

63.7%

3rd Quarter 2015

63.8%

The homeownership rate of 63.7 percent was not statistically different from the rate in the fourth quarter 2015 (63.8 percent) or the rate in the third quarter 2016 (63.5 percent).

New home sales

Jan 2017

+3.7%

Dec 2016

+6.1%

Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.1 percent (±17.3 percent)* above the revised January rate of 558,000 and is 12.8 percent (±18.0 percent)* above the February 2016 estimate of 525,000.

Source: U.S. CENSUS BUREAU

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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.

Karla Mina

Great Lincoln Square opportunity! Bought for $250K in 2007, for sale now for $218,900! 4440 N Damen, Unit 2E. Gut Rehab in 2007. 2bed/1bath condo. Don't wait, schedule your visit today. Call Karla Mina @ 312.498.8473 or email me at karla.mina@cbexchange.com Read more

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Existing Home Statistics

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