Rob Drakeley

DRAKELEY REO's

PO BOX 1200
Southbury, CT 06488


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

Housing Trends

August 2017

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National market update

Existing-Home Sales Retreat 1.8 Percent in June

WASHINGTON (July 24, 2017) — Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only the Midwest saw an increase in sales last month.




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Work Hard, Play Hard! The 10 Best Cities to Launch a Career

There you are, a bachelor's degree in hand, a spring in your step, gleam in your eye, growing debt on your credit report, and a great desire to move things along. Maybe you've already got a starting gig and a few years of real-world experience under your belt. Maybe you're still kicking back, waiting for your future to crystallize while gorging on angsty, postgrad movie classics like "Slackers," "Reality Bites," or "The Graduate" ("Plastics!"). Either way, you find yourself immersed in that eternal quarter-life crisis: What are you really going to do with your life? And where are you going to do it?




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National housing indicators

Existing home sales (June)

5.52 millions units*

Existing home median price (June)

$263,800

Housing Starts (June)

1.215 millions units*

New home sales (May)

0.610 millions units*

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

National economic indicators

Home ownership

2nd Quarter 2017

63.7%

1st Quarter 2017

63.6%

The homeownership rate of 63.7 percent was 0.8 percentage points higher than the rate in the second quarter 2016 (62.9 percent) and not statistically different from the rate in the first quarter 2017 (63.6 percent).

New home sales

May 2017

+2.9%

June 2017

+0.8%

Sales of new single-family houses in June 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.8 percent (±12.1 percent)* above the revised May rate of 605,000 and is 9.1 percent (±14.4 percent)* above the June 2016 estimate of 559,000.

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.

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.