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August Condo Prices Worsen in California
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
August Condo Prices Worsen in California
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
August Condo Prices Worsen in California

November 7, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles hit their lowest levels since the housing crisis in August while the San Francisco condo market posted the second worst annual rate of decline of any of the five condominium markets covered by Standard & Poor’s indices.

Monthly condo prices in Los Angeles declined 0.7 percent in August and in San Francisco condo prices declined 0.2 percent according the latest S&P/Case-Shiller Index.

The price declines in August occurred at the end of the spring/summer selling season which is not all that unusual, but when looking back at monthly prices over the last year, a much worse picture emerges.

In Los Angeles, condo prices have fallen in 11 of the last 12 months leaving condo prices in the area 7.2 percent lower than August 2010.

In San Francisco, over those same 12 months, condo prices have fallen 10 times leaving prices 9.0 percent lower than in August 2010.

The near year-long decline has put average market prices back to the mid-2003 levels. What’s especially dismaying is the lack of a seasonal “bump” during the spring/summer selling season that the other three condo markets in the survey experienced which is a sure sign that prices will weaken even further in the fall.

The index for Boston fell 0.3 percent from July to August, but is up 6.1 percent over the three previous months, while Chicago and New York posted price increases in August of 0.6 and 2.4 percent, with increases of 1.8 and 0.7 percent in July and 4.3 and 2.1 percent in June, respectively.

Over the last year, prices in New York have increased by 2.3 percent and are only 1.0 percent lower in Boston. Chicago has experienced the largest decline in condo prices in the index with a year-over-year decline of 9.6 percent, but has been making a comeback lately with price gains posted in the last three months.

Since their relative peak market prices, the two California markets continue to experience higher price declines than the other markets in the index.

Condo prices in Los Angeles have declined 39.4 percent since its market peak in July 2006, while San Francisco’s prices have declined 33.0 percent since its peak.

Whereas in New York, condo prices have declined 11.8 percent since its peak in February 2006 and Boston’s decline has been 11.5 percent since its peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
S&P

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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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.
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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.
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November 7, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles hit their lowest levels since the housing crisis in August while the San Francisco condo market posted the second worst annual rate of decline of any of the five condominium markets covered by Standard & Poor’s indices.

Monthly condo prices in Los Angeles declined 0.7 percent in August and in San Francisco condo prices declined 0.2 percent according the latest S&P/Case-Shiller Index.

The price declines in August occurred at the end of the spring/summer selling season which is not all that unusual, but when looking back at monthly prices over the last year, a much worse picture emerges.

In Los Angeles, condo prices have fallen in 11 of the last 12 months leaving condo prices in the area 7.2 percent lower than August 2010.

In San Francisco, over those same 12 months, condo prices have fallen 10 times leaving prices 9.0 percent lower than in August 2010.

The near year-long decline has put average market prices back to the mid-2003 levels. What’s especially dismaying is the lack of a seasonal “bump” during the spring/summer selling season that the other three condo markets in the survey experienced which is a sure sign that prices will weaken even further in the fall.

The index for Boston fell 0.3 percent from July to August, but is up 6.1 percent over the three previous months, while Chicago and New York posted price increases in August of 0.6 and 2.4 percent, with increases of 1.8 and 0.7 percent in July and 4.3 and 2.1 percent in June, respectively.

Over the last year, prices in New York have increased by 2.3 percent and are only 1.0 percent lower in Boston. Chicago has experienced the largest decline in condo prices in the index with a year-over-year decline of 9.6 percent, but has been making a comeback lately with price gains posted in the last three months.

Since their relative peak market prices, the two California markets continue to experience higher price declines than the other markets in the index.

Condo prices in Los Angeles have declined 39.4 percent since its market peak in July 2006, while San Francisco’s prices have declined 33.0 percent since its peak.

Whereas in New York, condo prices have declined 11.8 percent since its peak in February 2006 and Boston’s decline has been 11.5 percent since its peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
S&P

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

November 7, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles hit their lowest levels since the housing crisis in August while the San Francisco condo market posted the second worst annual rate of decline of any of the five condominium markets covered by Standard & Poor’s indices.

Monthly condo prices in Los Angeles declined 0.7 percent in August and in San Francisco condo prices declined 0.2 percent according the latest S&P/Case-Shiller Index.

The price declines in August occurred at the end of the spring/summer selling season which is not all that unusual, but when looking back at monthly prices over the last year, a much worse picture emerges.

In Los Angeles, condo prices have fallen in 11 of the last 12 months leaving condo prices in the area 7.2 percent lower than August 2010.

In San Francisco, over those same 12 months, condo prices have fallen 10 times leaving prices 9.0 percent lower than in August 2010.

The near year-long decline has put average market prices back to the mid-2003 levels. What’s especially dismaying is the lack of a seasonal “bump” during the spring/summer selling season that the other three condo markets in the survey experienced which is a sure sign that prices will weaken even further in the fall.

The index for Boston fell 0.3 percent from July to August, but is up 6.1 percent over the three previous months, while Chicago and New York posted price increases in August of 0.6 and 2.4 percent, with increases of 1.8 and 0.7 percent in July and 4.3 and 2.1 percent in June, respectively.

Over the last year, prices in New York have increased by 2.3 percent and are only 1.0 percent lower in Boston. Chicago has experienced the largest decline in condo prices in the index with a year-over-year decline of 9.6 percent, but has been making a comeback lately with price gains posted in the last three months.

Since their relative peak market prices, the two California markets continue to experience higher price declines than the other markets in the index.

Condo prices in Los Angeles have declined 39.4 percent since its market peak in July 2006, while San Francisco’s prices have declined 33.0 percent since its peak.

Whereas in New York, condo prices have declined 11.8 percent since its peak in February 2006 and Boston’s decline has been 11.5 percent since its peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
S&P

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