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National market update
Existing-Home Sales Grow 2.0 Percent in October
WASHINGTON (November 21, 2017) — Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors®.
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America Rediscovers Its Love of the Front Porch
In the 20th century, porches couldn’t compete with TV and air conditioning. Now this classic feature of American homes is staging a comeback as something more stylish and image-conscious than ever before.
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National housing indicators
Existing home sales (Oct)
5.48 millions units*
Existing home median price (Oct)
$247,000
Housing Starts (Oct)
1.290 millions units*
New home sales (Sep)
0.667 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
3rd Quarter 2017
63.9%
2nd Quarter 2017
63.7%
The homeownership rate of 63.9 percent was not statistically different from the rates in the third quarter 2016 (63.5 percent) or the second quarter 2017 (63.7 percent).
New home sales
September 2017
+18.9%
October 2017
+6.2%
Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent (±18.0 percent)* above the revised September rate of 645,000 and is 18.7 percent (±23.5 percent)* above the October 2016 estimate of 577,000.
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.
Local Prices & State Sales
RICHARD HILL
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
4 Reasons to Buy Your First Home in Your 30s
If you’re interested in buying a home, check out these reasons for waiting until you’re in your 30s.
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How to Sell Your House Fast: 5 Must-Know Tips to Move Your Property
Ready to unload your abode and want to know how to sell your house fast? Our experts say these tips can help you find a buyer in no time.
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How to Pay Off Your Mortgage Early, but Why It Might Not Be Wise
If you’re a homeowner, you’ve likely thought about how to pay off your mortgage early. These are the pros—and cons—of eliminating that home loan.
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How to Move in Bad Weather Without Destroying Your Stuff or Your Sanity
If you have to move in bad weather, it will inevitably be a painful process. But you can make it a little easier if you follow these tips ahead of time.
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No More Blow-Up Elves: Holiday Decor Secrets From 'The Great Christmas Light Fight'
"The Great Christmas Light Fight,” an ABC annual miniseries, checks out the country’s most extreme holiday outdoor decor—and can give you some ideas.
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Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
National Statistics
Statistics by City or Metropolitan Area
Regional Statistics
Source: NATIONAL ASSOCIATION OF REALTORS®.
