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

December 2016

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National market update

Existing-Home Sales Forge Ahead in November

WASHINGTON (December 21, 2016) — A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors®.



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America's Hottest Markets for Real Estate in December 2016

"On Dasher, on Dancer … on U.S. home buyers!” At least, that’s what Santa might say if he were checking out realtor.com® data while making his express prime deliveries (guaranteed delivery by Christmas morning) later this month. We took an early peek at the stats for December 2016 and found that, much like demand for toys and candy canes, demand for real estate showed no signs of slowing down for the holidays.



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National housing indicators

Existing home sales (Nov)

5.61 millions units*

Existing home median price (Nov)

$234,900

Housing Starts (Nov)

1.090 millions units*

New home sales (Oct)

0.563 millions units*

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

National economic indicators

Home ownership

3rd Quarter 2016

+63.5%

3rd Quarter 2015

+63.7%

The homeownership rate of 63.5 percent was not statistically different from the third quarter 2015 rate (63.7 percent) and 0.6 percentage points (+/-0.4)* high than the second quarter 2016 rate(62.9 percent).

New home sales

Nov 2016

+5.2%

Oct 2016

-1.9%

Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.

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.

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

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