Paul Saperstein

Re/Max Advantage Plus

15524 Glencrest Ave
Delray Beach, FL 33446


Cell: 561-251-5296   
Phone: 1-888-363-5910 
Fax: 561-455-9884

Housing Trends

October 2016

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National market update

First-time Buyers Steer Existing-Home Sales Higher in September

WASHINGTON (October 20, 2016) — Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.



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Homes For Sale: Ghosts Included

Some home sellers and real estate professionals are using Halloween to market the "haunted home” reputation of their listing. And for fodder, here are some of the spookiest listings for sale across the country, according to TopTenRealEstateDeals.com



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National housing indicators

Existing home sales (September)

5.47 millions units*

Existing home median price (September)

$234,200

Housing Starts (September)

1.047 millions units*

New home sales (August)

0.609 millions units*

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

National economic indicators

Home ownership

3rd Quarter 2016

63.5%

3rd Quarter 2015

63.7%

The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.5)* lower than the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.5)* high than the second quarter 2016 rate(62.9 percent).

New home sales

Sept 2016

+3.1%

Aug 2016

-7.6%

Sales of new single-family houses in September 2016 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.1 percent (±16.2%)* above the revised August rate of 575,000 and is 29.8 percent (±23.4%) above the September 2015 estimate of 457,000.

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.

Paul Saperstein

For those of you that haven't met me in person. Here is a 45 second personal introduction video. Please watch it and let me know what you think. Read more

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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Is Fall Actually the Best Season to Buy a Home?

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Existing Home Statistics

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