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Altos Research: Home Prices and Inventories Decline in September
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Altos Research: Home Prices and Inventories Decline in September
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Altos Research: Home Prices and Inventories Decline in September

October 11, 2011 (Jeff Alan)

Housing prices fell for the third consecutive month and are continuing to trend downward according to Altos Research’s October Real-Time National Housing Market Update, meanwhile, the mass liquidation of foreclosures that never occurred, leaves housing inventories declining.

Sixteen of the 26 markets in the national report posted declining prices in September, down from 17 in August. Two months ago in July, only seven of the markets reported a price decline and in June, only one market posted a monthly decline.

In the 10-City National Composite, the median price declined for the third consecutive month to $444,045 in September, down from $446,796 in August.

Ten of the 26 metropolitan areas posted monthly price increases with the largest increases posted in Salt Lake City, with a gain of 1.68 percent, and Phoenix, which posted a gain of 1.36 percent

The markets that posted the largest declines were San Jose, with a 1.42 percent decline, and Chicago, with a 1.35 percent price decline.

Altos Research’s weekly sample (7 day) of housing inventory for September shows a continuing downward trend of inventories first observed in July, a traditional seasonal pattern heading into the winter months.

Housing inventories were down 1.89 percent in September with overall inventory down 2.25 percent over the last three months. All 26 of the metropolitan areas posted a decline in inventory.

Tampa experienced the largest decline in housing inventory, posting a 9.86 percent drop in houses for sale in the last month. In August, half of the metropolitan areas showed a decline and half showed an increase in monthly inventory.

The large-scale liquidation of foreclosure portfolios has yet to materialize as servicers are modifying more loans to keep homeowners in their homes. Despite well over a million properties in the shadow inventory, nothing indicates the flood of foreclosures will hit the market soon.

Tags: Altos Research, housing prices, housing inventory, median price, 26 markets, 10-city Composite, 20-city Composite

Source:
Altos Research

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
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October 11, 2011 (Jeff Alan)

Housing prices fell for the third consecutive month and are continuing to trend downward according to Altos Research’s October Real-Time National Housing Market Update, meanwhile, the mass liquidation of foreclosures that never occurred, leaves housing inventories declining.

Sixteen of the 26 markets in the national report posted declining prices in September, down from 17 in August. Two months ago in July, only seven of the markets reported a price decline and in June, only one market posted a monthly decline.

In the 10-City National Composite, the median price declined for the third consecutive month to $444,045 in September, down from $446,796 in August.

Ten of the 26 metropolitan areas posted monthly price increases with the largest increases posted in Salt Lake City, with a gain of 1.68 percent, and Phoenix, which posted a gain of 1.36 percent

The markets that posted the largest declines were San Jose, with a 1.42 percent decline, and Chicago, with a 1.35 percent price decline.

Altos Research’s weekly sample (7 day) of housing inventory for September shows a continuing downward trend of inventories first observed in July, a traditional seasonal pattern heading into the winter months.

Housing inventories were down 1.89 percent in September with overall inventory down 2.25 percent over the last three months. All 26 of the metropolitan areas posted a decline in inventory.

Tampa experienced the largest decline in housing inventory, posting a 9.86 percent drop in houses for sale in the last month. In August, half of the metropolitan areas showed a decline and half showed an increase in monthly inventory.

The large-scale liquidation of foreclosure portfolios has yet to materialize as servicers are modifying more loans to keep homeowners in their homes. Despite well over a million properties in the shadow inventory, nothing indicates the flood of foreclosures will hit the market soon.

Tags: Altos Research, housing prices, housing inventory, median price, 26 markets, 10-city Composite, 20-city Composite

Source:
Altos Research

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

October 11, 2011 (Jeff Alan)

Housing prices fell for the third consecutive month and are continuing to trend downward according to Altos Research’s October Real-Time National Housing Market Update, meanwhile, the mass liquidation of foreclosures that never occurred, leaves housing inventories declining.

Sixteen of the 26 markets in the national report posted declining prices in September, down from 17 in August. Two months ago in July, only seven of the markets reported a price decline and in June, only one market posted a monthly decline.

In the 10-City National Composite, the median price declined for the third consecutive month to $444,045 in September, down from $446,796 in August.

Ten of the 26 metropolitan areas posted monthly price increases with the largest increases posted in Salt Lake City, with a gain of 1.68 percent, and Phoenix, which posted a gain of 1.36 percent

The markets that posted the largest declines were San Jose, with a 1.42 percent decline, and Chicago, with a 1.35 percent price decline.

Altos Research’s weekly sample (7 day) of housing inventory for September shows a continuing downward trend of inventories first observed in July, a traditional seasonal pattern heading into the winter months.

Housing inventories were down 1.89 percent in September with overall inventory down 2.25 percent over the last three months. All 26 of the metropolitan areas posted a decline in inventory.

Tampa experienced the largest decline in housing inventory, posting a 9.86 percent drop in houses for sale in the last month. In August, half of the metropolitan areas showed a decline and half showed an increase in monthly inventory.

The large-scale liquidation of foreclosure portfolios has yet to materialize as servicers are modifying more loans to keep homeowners in their homes. Despite well over a million properties in the shadow inventory, nothing indicates the flood of foreclosures will hit the market soon.

Tags: Altos Research, housing prices, housing inventory, median price, 26 markets, 10-city Composite, 20-city Composite

Source:
Altos Research

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS