Steve Young

RE/MAX Associates

4105 S Bowen Rd
Arlington, TX 76016


Cell: 817-276-5149   
Phone: 817-276-5149 
Fax: 817-861-8631

Housing Trends

February 2018

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National market update

Existing-Home Sales Fade in December; 2017 Sales Up 1.1 Percent

WASHINGTON (January 24, 2018) — Existing-home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years, according to the National Association of Realtors®.





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Tired of Big-City Squeeze? Score a Bargain in America's 10 Cheapest Housing Markets

We live in a nation of sharply etched haves and have nots—and nowhere does that dividing line cut deeper than in the world of housing. Here at realtor.com®, we spend a lot of time chronicling the "haves," those soaring, seductive, sought-after metros where inexorable rises in home prices are rivaled only by unstoppable increases in wages, jobs, bleeding-edge trendiness, and four-star fusion chefs.





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National housing indicators

Existing home sales (Dec)

5.57 millions units*

Existing home median price (Dec)

$246,800

Housing Starts (Dec)

1.192 millions units*

New home sales (Nov)

0.733 millions units*

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

National economic indicators

Home ownership

4th Quarter 2017

64.2%

3rd Quarter 2017

63.9%

The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).

New home sales

October 2017

-9.3%

November 2017

+17.5%

Sales of new single-family houses in December 2017 were at a seasonally adjusted annual rate of 625,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.3 percent (±11.0 percent)* below the revised November rate of 689,000, but is 14.1 percent (±13.0 percent) above the December 2016 estimate of 548,000. An estimated 608,000 new homes were sold in 2017. This is 8.3 percent (±4.1 percent) above the 2016 figure of 561,000.

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.

Steve Young

With 28+ years experience in Arlington, Mansfield, Fort Worth, Burleson, and other surrounding areas in real estate as well as intimate local area knowledge, I work extensively to help buyers and sellers, landlords & investors meet their real estate goals. Read more

Texas condo sales see double-digit growth in major metros. Texas single-family home sales have been on fire this year, but condominium sales are just as strong according to the 2013 Texas Condominium Sales Report. Read more

"Texas underwater mortgages half the national average Only 10% of all residential mortgages in Texas were “underwater”in the second quarter, well below the national average of 22.5%. Learn more about why Texas is such a homeowner-friendlystate at the Texas Association of REALTORS®’ consumer site, TexasRealEstate.com." Read more

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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.

Consumer tips & hot properties

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Tired of Big-City Squeeze? Score a Bargain in America's 10 Cheapest Housing Markets

These metro markets have the least expensive home prices—and that's not all that brings people to town.



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The 3 Best Reasons to Buy a Home in 2018 (but You'd Better Hurry)

Yes, home prices have been sky-high and choices limited. But market conditions are changing, and this could be your year to buy—as long as you do it soon.



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5 Reasons It'll Pay to Sell Your Home Early in 2018

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4 Rock-Solid Reasons to Remodel Your Home in 2018

The longer you wait, the more expensive it will be to renovate or remodel your home. So if you’ve been on the fence, this may be the year to get decisive. Here’s why.



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These Will Be the Year's Most Coveted Design Trends

Our stable of tastemakers has given us the ultimate scoop on the hottest interior design and decor trends for 2018. And trust us: It’ll be a gorgeous year.



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Existing Home Statistics

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