Frank Arteaga

Keyes Company

16001 sw 95th ave
Miami, FL 33157


Cell: 786-325-2326   
Phone: 305-779-1610 
Fax: 305-492-7579

Housing Trends

November 2017

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National market update

Existing-Home Sales Inch 0.7 Percent Higher in September

WASHINGTON (October 20, 2017) — After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®.





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U.S. Cities With the Fastest-Growing Incomes

The unemployment rate in the U.S. hit 4.2% in September 2017, according to Bureau of Labor Statistics. This is the lowest it’s been in a decade, since the start of the Great Recession. While a low unemployment rate is important, rising incomes matter more for American families. SmartAsset examined the most recent income data to find the U.S. cities with the fastest-growing incomes.





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National housing indicators

Existing home sales (Sep)

5.39 millions units*

Existing home median price (Sep)

$245,100

Housing Starts (Sep)

1.127 millions units*

New home sales (Aug)

0.560 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

August 2017

-3.4%%

September 2017

+18.9%

Sales of new single-family houses in September 2017 were at a seasonally adjusted annual rate of 667,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 18.9 percent (±19.0 percent)* above the revised August rate of 561,000 and is 17.0 percent (±22.4 percent)* above the September 2016 estimate of 570,000.

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.

Frank Arteaga

Summer is almost over ! It has been a very Hot Summer in all ways temperature and Market. We are still very low on inventory my suggestion to you is if you see a Home you like don't think about it too long or you will miss the BOAT! As always I am here to assist you in anyway possible. Your Realtor Frank Arteaga

It's Fall which means we 3/4 of the way through 2013. It seems that just a few weeks ago we were celebrating the New Year! That being said it's time to make that move you've been thinking of. To you SELLERS as you've heard there are few homes for sale and prices are up! Buyers interest Rates are climbing every 1/2% increase you lose buying power. Read more

Here is my Monthly Newsletter. This Newsletter lets you not only see our local market but anywhere else in the nation. I hope that you take your time to see all the valuable information that is found in this Newsletter. Remember I am only a phone call away 786-325-2326 or email: FrankArteaga.Realtor@gmail.com Looking forward to hearing from you. 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.

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Existing Home Statistics

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