Rob Drakeley

DRAKELEY REO's

PO BOX 1200
Southbury, CT 06488


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

Housing Trends

November 2012

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National market update

Existing-Home Sales Rise in October with Ongoing Price and Equity Gains

WASHINGTON (November 19, 2012) - Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply, according to the National Association of Realtors®. More...
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National housing indicators

Existing home sales ()

4.79 million units*

Existing home median price ()

$178,600

Housing Starts ()

894,000 units*

New home sales ()

389,000 units (September)*

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

National economic indicators

Home ownership

3rd Qtr 12

65.5%

3rd Qtr 11

66.3%

The homeownership rate in the third quarter 2012 (65.5 percent) was lower than the third quarter 2011 rate (66.3 percent). The homeownership rate in the South was lower than the corresponding second quarter 2011 rate, while the rates in the Northeast, Midwest, and West were not statistically different.

New home sales

Sept 12

+5.7%

Aug 12

-1.3%

Sales of new single-family houses in September 2012 were at a seasonally adjusted annual rate of 389,000. This is 5.7 percent (+/- 14.8%)* above the revised August 2012 estimate of 368,000.

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

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