Ernesto Joubert

Exit Trust Realty

9360 Sunset Drive #287
Miami, FL 33173


Cell: 786-285-4962   
Phone: (305)-274-4700 

Housing Trends

October 2011

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National market update

Existing-Home Sales Off in September but Higher Than a Year Ago

Washington, DC, October 20, 2011 - Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors®. More... Read more

Monthly Payments for Home Buyers

A home buyer purchasing a typical American home at the prevailing average mortgage rate today would have a mortgage payment of $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. More...



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National housing indicators

Existing home sales (September 2011)

4.91 million units*

Existing home median price (September 2011)

$165,400

Housing Starts (September 2011)

658,000 units*

New home sales (September 2011)

313,000 units *

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

National economic indicators

Home ownership

2nd Qtr 2011

65.9%

1st Qtr 2011

66.4%

The homeownership rate in the second quarter 2011 (65.9 percent) was lower than the second quarter 2010 rate (66.9 percent). The homeownership rates in all four regions were lower than their corresponding second quarter 2010 rates.

New home sales

Aug 2011

-2.3%

July 2011

-0.3%

Sales of new one-family houses in August 2011 were at a seasonally adjusted annual rate of 295,000. This is 2.3 percent below the revised July 2011 estimate of 302,000.

Source: U.S. CENSUS BUREAU

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Ernesto Joubert

Return of the bidding war for South Florida homes By Martha Brannigan The Miami Herald. With the inventory for sale sharply down, well-priced properties are selling fast, sometimes fetching multiple bids..”Click On Link Below To See Full Story. Read more

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