Nina Hollander

Carolinas Realty Partners with RE/MAX Executive Realty

3426 Toringdon Way Suite 100
Charlotte, NC 28277


Cell: 704-779-0813   
Phone: 704-779-0813 
Fax: 704-341-3346

Housing Trends

October 2013

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National market update

Existing-Home Sales Down in September but Prices Rise

After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors®.
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Pending Home Sales Continue Slide in September

WASHINGTON (October 28, 2013) – Pending home sales declined for the fourth consecutive month in September, as higher mortgage interest rates and higher home prices curbed buying power, according to the National Association of Realtors®.

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National housing indicators

Existing home sales ()

5.12*

Existing home median price ()

$199,500

Housing Starts ()

891200*

New home sales ()

421000*

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

National economic indicators

Home ownership

2nd Qtr 13

65.0%

2nd Qtr 12

65.5%

The homeownership rate in the second quarter 2013 (65.0 percent) was lower than the second quarter 2012 rate (65.5 percent). The homeownership rate in the South was lower than the corresponding second quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

July 2013

-14.1%

August 2013

+7.9%

Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000. This is 7.9 percent (+/- 14.6%)* above the revised July 2013 estimate of 390,000.

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.

Nina Hollander

UNDER CONTRACT: Tega Cay Short Sale: $253,500. Looking for an affordable home near Lake Wylie? Looking for great schools? Check out this great home in Seven Coves, with no HOA fees. Read more

SOLD IN ONE DAY AT FULL ASKING PRICE: Patio home in Matthews: $330,000. 2,100+ square feet. Totally turn-key, professionally decorated, open floor plan, private setting. Easy maintenance and nothing to do but move right in! Read more

UNDER CONTRACT: Custom built, brick home on .92 acres features classic elegance and timeless details. 5 bedrooms/3.5 bathrooms, 3,600+ square feet. Park-like, private back yard. Side load garage. TWO large recreation rooms; master down. $449,500. Read more

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Consumer tips & hot properties

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Buy a Home Now or Pay More Later?

With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon.
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How to Choose the Right Neighborhood

Any good Realtor will share the mantra, "location, location, location” when talking to you about what attributes help a home hold onto its value and potentially appreciate. However, no one neighborhood is right every buyer.
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Q: When is a good time to put your house up for sale before you want to move?



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Make the Most of Your Home Inspection

A home inspection is a crucial element of any home purchase. Most buyers make their purchase offer contingent on the results of a home inspection so they can decide not to buy if the inspection reveals significant structural problems.
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Existing Home Statistics

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