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

May 2017

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National market update

Existing-Home Sales Jumped 4.4% in March

WASHINGTON (April 21, 2017) — Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March.



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First-Time Home Buyers by the Numbers: Are Your Habits Normal or Not?

If the plans of home shoppers on realtor.com® bear fruit, 52% will be buying their first home in 2017—a huge shift upward from a mere 33% in 2016. Could you be one of them this year, finally settling into a place that's all yours?



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National housing indicators

Existing home sales (March)

5.71 millions units*

Existing home median price (March)

$236,400

Housing Starts (March)

1.215 millions units*

New home sales (February)

0.592 millions units*

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

National economic indicators

Home ownership

1st Quarter 2017

63.5%

1st Quarter 2016

63.6%

The homeownership rate of 63.6 percent was not statistically different from the rate in the first quarter 2016 (63.5 percent) or the rate in the fourth quarter 2016 (63.7 percent).

New home sales

Feb 2017

+6.1%

March 2017

+5.8%

Sales of new single-family houses in March 2017 were at a seasonally adjusted annual rate of 621,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.8 percent (±15.5 percent)* above the revised February rate of 587,000 and is 15.6 percent (±15.0 percent) above the March 2016 estimate of 537,000.

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.