Raul Aponte

Pinnacle Estate Properties, Inc.

10328 Sepulveda Blvd.
Mission Hills, CA 91345


Cell: 818-262-1662   
Phone: 818-365-0677 (338)
Fax: 818-583-1724

Housing Trends

July 2016

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National market update

Existing-Home Sales Ascend Again in June, First-time Buyers Provide Spark

WASHINGTON (July 21, 2016) — Boosted by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National Association of Realtors®. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009.



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Your Vacation Home is Just a Dream Away

While buyers of primary residences typically purchase homes because of the desire to be a home owner or due to a job relocation, buyers of vacation homes are motivated by other factors. Thirty-seven percent of vacation home buyers plan to use their property for vacations and family retreats, 16 percent plan to convert their vacation home into their primary residence in the future, and 13 percent purchased because of low real estate prices and the buyer found a good deal.



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National housing indicators

Existing home sales (June)

5.57 millions units*

Existing home median price (June)

$247,700

Housing Starts (June)

1.189 millions units*

New home sales (May)

0.551 millions units*

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

National economic indicators

Home ownership

1st Qtr 2016

+63.5%

1st Qtr 2015

+63.7%

The homeownership rate of 63.5 percent was 0.2 percentage points (+/-0.4)* lower than the first quarter 2015 rate (63.7 percent) and 0.3 percentage points (+/-0.4)* lower than the fourth quarter 2015 rate (63.8 percent).

New home sales

May 2016

+6.0%

April 2016

+16.6%

Sales of new single-family houses in May 2016 were at a seasonally adjusted annual rate of 551,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.0 percent (±12.8%)* below the revised April rate of 586,000, but is 8.7 percent (±14.6%)* above the May 2015 estimate of 507,000.

Source: U.S. CENSUS BUREAU

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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.

Raul Aponte

Children are the "invisible victims", as foreclosures not only can cause emotional trauma, but also interfere with a child’s educational development. Researchers also have found a connection between rising foreclosures and an increase in medical visits for mental health, such as anxiety, or preventable conditions such as high blood pressure.

Great News for homeowners in distress, Governor Brown signed a new law that will allow homeowners to short sale their properties and not pay a deficiency on junior liens. California Law is allowing Homeowners in distress to short sale and get a fresh start. For more information on this and any related topic contact me directly 818-262-1662 Read more

Loan Modifications won't help homeowners in the long run, they help only the Bank and/or investors that owned the Loan. The terms are temporary and will go back to what they used to be before the mod, eventually homeowners will have to pay a balloon payment on unpaid balance. For more info on how Loan Mods are a rip off contact me 818-262-1662 Read more

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Existing Home Statistics

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