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.
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
National housing indicators
Existing home sales (September)
5.47 millions units*
Existing home median price (September)
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
3rd Quarter 2016
3rd Quarter 2015
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
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