Professional Documents
Culture Documents
July 2013
Summary Notes
Home price growth continues and has spread to more of the country.
Foreclosures continue to decrease.
Sales increased significantly from the previous month, quarter, and year.
We discuss housing markets in Seattle, Washington and Portland, Oregon.
Home price growth was positive in 40 of the 42 reported counties over the last month, quarter,
and year.
Sales increased in 40 of the 42 reported counties over the last month.
Sales increased in 36 of the 42 reported counties over the last quarter.
Sales increased in 30 of the 42 reported counties over the last year.
Foreclosures decreased in 20 of the 42 reported counties over the last month.
Foreclosures decreased in 25 of the 42 reported counties over the last quarter.
Foreclosures decreased in 30 of the 42 reported counties over the last year.
Housing Outlook
Despite concerns about the continued strength of the recovery and job security, potential tax increases,
and uncertainty about domestic fiscal issues, home price growth rates have increased and continue to
spread across more of the country. The moderate underlying fundamental home price drivers and
economic uncertainty will eventually contribute to reductions in demand for housing and dampened
home price growth, although the timing of this is very uncertain.
Factor
Comment
Current Situation
195,000 in June.
Strict mortgage credit
requirements continue
Supply of Housing
Uncertainty
County
MARICOPA
PIMA
ALAMEDA
CONTRA COSTA
LOS ANGELES
ORANGE
RIVERSIDE
SACRAMENTO
SAN BERNARDINO
SAN DIEGO
SANTA CLARA
DENVER
FAIRFIELD
BROWARD
DUVAL
HILLSBOROUGH
LEE
MIAMI-DADE
ORANGE
PALM BEACH
PINELLAS
FULTON
COOK
DUPAGE
MIDDLESEX
MONTGOMERY
OAKLAND
JACKSON
ST. LOUIS
MECKLENBURG
CLARK
QUEENS
SUFFOLK
CUYAHOGA
FRANKLIN
MULTNOMAH
SHELBY
DALLAS
HARRIS
SALT LAKE
FAIRFAX
KING
Metro
Phoenix
Tuscon
Oakland
Richmond
Los Angeles
Orange
Riverside
Sacramento
San Bernardino
San Diego
San Jose
Denver
New York
Ft. Lauderdale
Jacksonville
Tampa
Ft. Myers
Miami
Orlando
Palm Beach
Clearwater
Atlanta
Chicago
Chicago
Boston
Washington, DC
Detroit
Kansas City
St. Louis
Charlotte
Las Vegas
New York
Long Island
Cleveland
Columbus
Portland
Memphis
Dallas
Houston
Salt Lake
Washington, DC
Seattle
Notes:
1. Source: DataQuick
2. Reported sales data do not include new construction.
Latest Month
1.78%
0.88%
2.16%
2.14%
1.48%
1.32%
1.89%
2.37%
1.47%
1.60%
1.97%
0.89%
0.51%
1.09%
0.87%
1.30%
1.74%
0.84%
1.51%
1.20%
0.79%
0.50%
0.33%
0.75%
0.97%
0.32%
0.41%
0.30%
0.30%
0.21%
2.08%
-0.09%
-0.37%
0.27%
0.03%
1.26%
0.15%
0.24%
0.24%
0.78%
0.79%
1.26%
Latest Year
23.84%
11.92%
25.66%
24.38%
16.98%
15.19%
21.55%
29.37%
17.69%
18.08%
21.90%
13.67%
5.17%
13.92%
10.68%
13.55%
20.02%
12.48%
14.20%
16.50%
11.71%
5.00%
3.87%
6.95%
11.06%
5.54%
8.86%
4.07%
4.07%
3.10%
24.91%
-1.60%
-0.31%
3.40%
5.22%
17.49%
3.49%
3.85%
3.85%
10.66%
7.80%
17.14%
Latest Month
-4.14%
-2.48%
28.57%
6.13%
-5.38%
7.58%
9.95%
0.00%
16.96%
-36.84%
-2.08%
-2.99%
16.00%
3.31%
37.96%
-11.50%
-18.52%
-1.80%
72.50%
-13.65%
34.80%
-22.12%
33.94%
20.80%
64.52%
58.82%
-21.00%
22.41%
-18.15%
10.42%
-5.12%
-5.56%
-19.64%
7.47%
-1.19%
63.64%
18.98%
-8.60%
2.50%
60.98%
-6.90%
-0.30%
Latest Year
-44.42%
-32.57%
-24.52%
-28.81%
-33.09%
-46.01%
-39.38%
-39.52%
-32.03%
-49.19%
-50.53%
-47.79%
-36.96%
-8.77%
26.17%
30.84%
-17.12%
59.82%
10.70%
-35.48%
42.19%
-34.21%
62.10%
91.14%
292.31%
-61.43%
-43.80%
-8.09%
-28.39%
-17.96%
-35.75%
0.00%
-8.16%
18.13%
16.08%
-44.90%
-6.59%
-34.23%
-27.42%
-32.99%
-35.71%
84.75%
Latest Month
4.94%
2.76%
7.25%
4.08%
2.12%
8.82%
7.59%
9.21%
4.47%
9.97%
15.48%
10.80%
14.96%
22.61%
21.02%
7.56%
4.10%
9.66%
20.89%
13.56%
18.02%
33.38%
32.83%
30.39%
42.79%
17.27%
-15.89%
12.16%
14.41%
14.12%
8.44%
-15.46%
21.92%
31.04%
30.72%
20.05%
21.31%
14.83%
34.66%
25.91%
28.73%
14.91%
Latest Year
-6.68%
-6.89%
-2.84%
-6.90%
7.06%
14.50%
-0.06%
-4.72%
-2.07%
3.58%
-5.79%
3.86%
13.67%
19.79%
7.36%
27.99%
-3.67%
27.39%
29.07%
16.79%
21.94%
1.52%
51.32%
50.32%
27.56%
6.65%
17.69%
12.57%
17.26%
42.68%
-13.04%
-19.28%
-13.62%
8.49%
16.70%
17.39%
15.63%
27.55%
29.45%
16.57%
2.02%
21.07%
County
MARICOPA
PIMA
ALAMEDA
CONTRA COSTA
LOS ANGELES
ORANGE
RIVERSIDE
SACRAMENTO
SAN BERNARDINO
SAN DIEGO
SANTA CLARA
DENVER
FAIRFIELD
BROWARD
DUVAL
HILLSBOROUGH
LEE
MIAMI-DADE
ORANGE
PALM BEACH
PINELLAS
FULTON
COOK
DUPAGE
MIDDLESEX
MONTGOMERY
OAKLAND
JACKSON
ST. LOUIS
MECKLENBURG
CLARK
QUEENS
SUFFOLK
CUYAHOGA
FRANKLIN
MULTNOMAH
SHELBY
DALLAS
HARRIS
SALT LAKE
FAIRFAX
KING
Metro
Phoenix
Tuscon
Oakland
Richmond
Los Angeles
Orange
Riverside
Sacramento
San Bernardino
San Diego
San Jose
Denver
New York
Ft. Lauderdale
Jacksonville
Tampa
Ft. Myers
Miami
Orlando
Palm Beach
Clearwater
Atlanta
Chicago
Chicago
Boston
Washington, DC
Detroit
Kansas City
St. Louis
Charlotte
Las Vegas
New York
Long Island
Cleveland
Columbus
Portland
Memphis
Dallas
Houston
Salt Lake
Washington, DC
Seattle
Notes:
1. Source: DataQuick
2. Reported sales data do not include new construction.
Current Month
133.2
118.0
134.0
132.4
167.9
158.8
132.2
119.9
144.1
140.6
155.9
134.2
121.5
131.0
118.5
123.9
125.9
140.3
119.5
131.1
124.0
131.8
98.8
114.5
129.8
150.4
81.7
96.1
96.1
113.8
101.5
129.6
132.0
91.8
96.3
155.3
93.4
124.8
124.8
117.3
163.5
143.0
Prior Year
107.6
105.4
106.6
106.5
143.5
137.8
108.7
92.7
122.4
119.1
127.9
118.0
115.5
115.0
107.0
109.1
104.9
124.8
104.6
112.6
111.0
125.5
95.1
107.1
116.9
142.5
75.0
92.3
92.3
110.4
81.3
131.7
132.4
88.8
91.5
132.2
90.2
120.2
120.2
106.0
151.7
122.1
Current Month
1041
236
117
173
633
142
431
303
469
156
47
130
29
468
487
454
242
545
414
291
337
250
1172
302
51
27
222
284
275
265
575
17
45
417
332
54
326
319
614
132
27
327
Foreclosures
Previous Month
1086
242
91
163
669
132
392
303
401
247
48
134
25
453
353
513
297
555
240
337
250
321
875
250
31
17
281
232
336
240
606
18
56
388
336
33
274
349
599
82
29
328
Prior Quarter
1380
321
118
189
747
192
589
343
540
230
54
128
29
428
393
577
384
446
412
348
405
355
798
194
59
28
347
237
230
279
704
17
53
348
388
39
393
318
557
95
35
264
Prior Year
1873
350
155
243
946
263
711
501
690
307
95
249
46
513
386
347
292
341
374
451
237
380
723
158
13
70
395
309
384
323
895
17
49
353
286
98
349
485
846
197
42
177
Current Month
7250
1190
1094
1200
5432
2369
3090
1898
2360
2780
1171
862
707
2294
1065
1765
1497
1749
1545
1767
1395
867
2751
944
574
978
1191
1236
1461
1374
3535
268
634
1009
1034
1060
1036
2935
5517
1351
708
2166
Sales
Previous Month
6909
1158
1020
1153
5319
2177
2872
1738
2259
2528
1014
778
615
1871
880
1641
1438
1595
1278
1556
1182
650
2071
724
402
834
1416
1102
1277
1204
3260
317
520
770
791
883
854
2556
4097
1073
550
1885
Prior Quarter
5344
915
758
877
4150
1669
2481
1497
2111
1838
694
558
567
1876
1165
1263
1284
1442
1220
1510
1114
973
2709
732
652
774
1231
824
1113
906
2762
355
1095
977
1001
587
933
1974
3658
839
419
1238
Prior Year
7769
1278
1126
1289
5074
2069
3092
1992
2410
2684
1243
830
622
1915
992
1379
1554
1373
1197
1513
1144
854
1818
628
450
917
1012
1098
1246
963
4065
332
734
930
886
903
896
2301
4262
1159
694
1789