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New Home Sales Up

New Home Sales Up in December

Sales of new single-family houses in December 2014 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.6 percent above the revised November rate of 431,000 and is 8.8 percent above the December 2013 estimate of 442,000.

The median sales price of new houses sold in December 2014 was $298,100; the average sales price was $377,800. The seasonally adjusted estimate of new houses for sale at the end of December was 219,000. This represents a supply of 5.5 months at the current sales rate.

An estimated 435,000 new homes were sold in 2014. This is 1.2 percent above the 2013 figure of 429,000.

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National Home Prices Slow

S&P Dow Jones Indices released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Data released for November 2014 shows a continued [...] Continue Reading…

Existing-home Sales Increase

Existing-Home Sales Bounced Back in December

Despite low inventory conditions, existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months, according to [...] Continue Reading…

Housing Starts Up

Housing Starts Up in December

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for December 2014.


Privately-owned housing units authorized by building [...] Continue Reading…

4219 Vantage Ave,

Real Estate Spotlight – Los Angeles, CA

Aptly located in the city of angels, this lovely residence of will have you feeling like you’ve died and gone to heaven. This unique, custom property smoothly integrates the best [...] Continue Reading…