Rob Drakeley

DRAKELEY REO's

PO BOX 1200
Southbury, CT 06488


Cell: 203-605-0747   
Phone: 203-605-0747 

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.

Drakeley REO's service the REO industry exclusively! We guide first time home buyers through the process of purchasing a bank owned home or REO. With 21 years in the Real Estate retail industry & recent years as a Mortgage Loan Consultant, we are here to help, and service the public when it comes to purchasing or selling a bank owned asset. Read more

Our New Exclusive REO Real Estate Company. Selling Bank Owned Homes throughout Connecticut Exclusively for the Banks and Asset Managers Read more

Rob's a resident of Southbury & member of Sacred Heart Church w/an active role @ Pomperaug Elementary as Class Dad & PTO. RE Broker since 1997 & loan originator since 2012, NMLS#336022. Certified Distressed Property Expert. Member of Woodbury & Southbury Business Associations. Council of Residential Specialists. University of Miami class of 1995. Read more

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Existing Home Statistics

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