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 Home Sales in Miami Highest in Five Years
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 Home Sales in Miami Highest in Five Years
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 Home Sales in Miami Highest in Five Years

October 6, 2011 (Shirley Allen)

Home buyers in the Miami area pushed the sales of new and resale homes to their highest levels in five years according to the latest data released from DataQuick as buyers took advantage of the lowest interest rates available in 50 years and the lowest home prices since 2002.

A total of 9,638 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in August, up from 8,820 sold in July. Sales were 9.3 percent higher than July and 24.9 percent higher than in August of 2010.

Home sales in the region typically decline 1.8 percent between July and August and were 19.4 percent lower than Miami’s average August sales rate of 11,951.

Existing home sales made up the bulk of sales activity in August as new home sales remained at unusually low levels. Sales of existing single-family homes and condos were at their highest level since 2005 but were still 6.2 percent below the monthly average for August since 1997

Last month’s sales benefitted from August having three more selling days than July. When total home sales are compared on a daily basis, sales actually declined by 5.0 percent from July to August, but were still 19.5 percent higher than August of last year. The large difference in home sales from a year ago is a result of the sharp drop in the number of homes sold following the expiration of the home buyer’s tax credit last year.

Cash buyers were responsible for 62.4 percent of the purchases in August, which was down from 62.8 percent in July, but up from 59.2 percent a year ago. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.1 percent of all homes sold in August paying a median average price of $90,000, which was down from $93,000 in July and down from the same amount in August of 2010. In July, absentee buyers accounted for 37.5 percent of all purchases.

The overall median price paid for new and resale homes and condos in August was $132,000, which was down 2.9 percent from July and down 5.7 percent from August of last year. The median home price is 54.5 percent below the peak median price of $290,000 in August 2007. It was also the 47th consecutive month that prices in the area have declined year-over-year.

Miami’s multi-million dollar luxury market also continued to cool off in August. Sales of houses and condos for $2 million or more were down 17.9 percent from July but up 36.2 percent from August of last year.

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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 6, 2011 (Shirley Allen)

Home buyers in the Miami area pushed the sales of new and resale homes to their highest levels in five years according to the latest data released from DataQuick as buyers took advantage of the lowest interest rates available in 50 years and the lowest home prices since 2002.

A total of 9,638 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in August, up from 8,820 sold in July. Sales were 9.3 percent higher than July and 24.9 percent higher than in August of 2010.

Home sales in the region typically decline 1.8 percent between July and August and were 19.4 percent lower than Miami’s average August sales rate of 11,951.

Existing home sales made up the bulk of sales activity in August as new home sales remained at unusually low levels. Sales of existing single-family homes and condos were at their highest level since 2005 but were still 6.2 percent below the monthly average for August since 1997

Last month’s sales benefitted from August having three more selling days than July. When total home sales are compared on a daily basis, sales actually declined by 5.0 percent from July to August, but were still 19.5 percent higher than August of last year. The large difference in home sales from a year ago is a result of the sharp drop in the number of homes sold following the expiration of the home buyer’s tax credit last year.

Cash buyers were responsible for 62.4 percent of the purchases in August, which was down from 62.8 percent in July, but up from 59.2 percent a year ago. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.1 percent of all homes sold in August paying a median average price of $90,000, which was down from $93,000 in July and down from the same amount in August of 2010. In July, absentee buyers accounted for 37.5 percent of all purchases.

The overall median price paid for new and resale homes and condos in August was $132,000, which was down 2.9 percent from July and down 5.7 percent from August of last year. The median home price is 54.5 percent below the peak median price of $290,000 in August 2007. It was also the 47th consecutive month that prices in the area have declined year-over-year.

Miami’s multi-million dollar luxury market also continued to cool off in August. Sales of houses and condos for $2 million or more were down 17.9 percent from July but up 36.2 percent from August of last year.

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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 6, 2011 (Shirley Allen)

Home buyers in the Miami area pushed the sales of new and resale homes to their highest levels in five years according to the latest data released from DataQuick as buyers took advantage of the lowest interest rates available in 50 years and the lowest home prices since 2002.

A total of 9,638 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in August, up from 8,820 sold in July. Sales were 9.3 percent higher than July and 24.9 percent higher than in August of 2010.

Home sales in the region typically decline 1.8 percent between July and August and were 19.4 percent lower than Miami’s average August sales rate of 11,951.

Existing home sales made up the bulk of sales activity in August as new home sales remained at unusually low levels. Sales of existing single-family homes and condos were at their highest level since 2005 but were still 6.2 percent below the monthly average for August since 1997

Last month’s sales benefitted from August having three more selling days than July. When total home sales are compared on a daily basis, sales actually declined by 5.0 percent from July to August, but were still 19.5 percent higher than August of last year. The large difference in home sales from a year ago is a result of the sharp drop in the number of homes sold following the expiration of the home buyer’s tax credit last year.

Cash buyers were responsible for 62.4 percent of the purchases in August, which was down from 62.8 percent in July, but up from 59.2 percent a year ago. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.1 percent of all homes sold in August paying a median average price of $90,000, which was down from $93,000 in July and down from the same amount in August of 2010. In July, absentee buyers accounted for 37.5 percent of all purchases.

The overall median price paid for new and resale homes and condos in August was $132,000, which was down 2.9 percent from July and down 5.7 percent from August of last year. The median home price is 54.5 percent below the peak median price of $290,000 in August 2007. It was also the 47th consecutive month that prices in the area have declined year-over-year.

Miami’s multi-million dollar luxury market also continued to cool off in August. Sales of houses and condos for $2 million or more were down 17.9 percent from July but up 36.2 percent from August of last year.

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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