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Bay Area January Home Sales 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
Bay Area January Home Sales 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
Bay Area January Home Sales Highest in Five Years

February 21, 2012 (Jeff Alan)

Monthly home sales followed seasonal trends and declined in the Bay Area in January but were still at their highest level in five years while home prices continued to slide as a record percentage of sales to investors pushed home prices even lower according to real estate information provider DataQuick.

A total of 5,479 new and resale homes were sold in January in the nine county Bay Area, which includes Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma Counties. That was 26.9 percent lower than the 7,494 home sales in December but still 10.3 percent higher than the 4,966 sales posted in January of 2011.

Home sales typically decline 28.0 percent from December to January in the Bay area with sales varying from a low of 3,586 in 2008 to a high of 8,298 in 2005 with a monthly average of 8,643 sales.

John Walsh, president of DataQuick, stated, “While it’s clear prices have edged lower in some areas recently, last month’s Bay Area median of just $326,000 is a reflection of how skewed the market has become toward distressed, lower-cost properties. The higher-end sales have slowed in recent months as many struggle to qualify for loans and others just sit tight. This is also the time of year that we caution people not to try to read too much into the statistics. The winter numbers are based on a smaller pool of buyers and they haven’t proved very predictive.”

The median sales price for new and resale homes and condos in January fell 3.5 percent to $326,000, down from $335,500 in December. The median price was 3.8 percent lower than in January of 2011, when the median price stood at $338,000. It was the 16th consecutive month that home prices have declined year-over-year.

By comparison, the lowest median price posted during the current real estate cycle was $290,000 in March 2009, while the peak median price was $665,000 in June/July 2007.

Distressed home sales accounted for a near record 51.9 percent of the Bay Area’s re-sale market last month, up from a revised 48.5 percent in December. Foreclosure re-sales accounted for 28.0 percent of all existing home sales in January, up from a revised 27.8 percent in December, while short sales made up about 23.9 percent of the Bay Area’s existing homes sales last month, up from a revised 20.7 percent in December.

Foreclosure re-sales peaked at 52.0 percent in February 2009 while the rate of foreclosure re-sales has been about ten percent over the last 15 years.

Cash buyers accounted for 30.0 percent of the homes sold for the month, up from a revised 27.2 percent in December, paying a median price of $220,000 for their purchases. The record for cash purchases is 30.5 percent, reached in February of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for a record 25.4 percent of all sales, up from 23.8 percent in December, paying a median price of $220,000 for the homes they purchased.

Tags: Bay Area, DataQuick, home sales, home prices, spring selling season, median sales price, new homes, re-sale homes

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.
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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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February 21, 2012 (Jeff Alan)

Monthly home sales followed seasonal trends and declined in the Bay Area in January but were still at their highest level in five years while home prices continued to slide as a record percentage of sales to investors pushed home prices even lower according to real estate information provider DataQuick.

A total of 5,479 new and resale homes were sold in January in the nine county Bay Area, which includes Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma Counties. That was 26.9 percent lower than the 7,494 home sales in December but still 10.3 percent higher than the 4,966 sales posted in January of 2011.

Home sales typically decline 28.0 percent from December to January in the Bay area with sales varying from a low of 3,586 in 2008 to a high of 8,298 in 2005 with a monthly average of 8,643 sales.

John Walsh, president of DataQuick, stated, “While it’s clear prices have edged lower in some areas recently, last month’s Bay Area median of just $326,000 is a reflection of how skewed the market has become toward distressed, lower-cost properties. The higher-end sales have slowed in recent months as many struggle to qualify for loans and others just sit tight. This is also the time of year that we caution people not to try to read too much into the statistics. The winter numbers are based on a smaller pool of buyers and they haven’t proved very predictive.”

The median sales price for new and resale homes and condos in January fell 3.5 percent to $326,000, down from $335,500 in December. The median price was 3.8 percent lower than in January of 2011, when the median price stood at $338,000. It was the 16th consecutive month that home prices have declined year-over-year.

By comparison, the lowest median price posted during the current real estate cycle was $290,000 in March 2009, while the peak median price was $665,000 in June/July 2007.

Distressed home sales accounted for a near record 51.9 percent of the Bay Area’s re-sale market last month, up from a revised 48.5 percent in December. Foreclosure re-sales accounted for 28.0 percent of all existing home sales in January, up from a revised 27.8 percent in December, while short sales made up about 23.9 percent of the Bay Area’s existing homes sales last month, up from a revised 20.7 percent in December.

Foreclosure re-sales peaked at 52.0 percent in February 2009 while the rate of foreclosure re-sales has been about ten percent over the last 15 years.

Cash buyers accounted for 30.0 percent of the homes sold for the month, up from a revised 27.2 percent in December, paying a median price of $220,000 for their purchases. The record for cash purchases is 30.5 percent, reached in February of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for a record 25.4 percent of all sales, up from 23.8 percent in December, paying a median price of $220,000 for the homes they purchased.

Tags: Bay Area, DataQuick, home sales, home prices, spring selling season, median sales price, new homes, re-sale homes

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

February 21, 2012 (Jeff Alan)

Monthly home sales followed seasonal trends and declined in the Bay Area in January but were still at their highest level in five years while home prices continued to slide as a record percentage of sales to investors pushed home prices even lower according to real estate information provider DataQuick.

A total of 5,479 new and resale homes were sold in January in the nine county Bay Area, which includes Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Solano and Sonoma Counties. That was 26.9 percent lower than the 7,494 home sales in December but still 10.3 percent higher than the 4,966 sales posted in January of 2011.

Home sales typically decline 28.0 percent from December to January in the Bay area with sales varying from a low of 3,586 in 2008 to a high of 8,298 in 2005 with a monthly average of 8,643 sales.

John Walsh, president of DataQuick, stated, “While it’s clear prices have edged lower in some areas recently, last month’s Bay Area median of just $326,000 is a reflection of how skewed the market has become toward distressed, lower-cost properties. The higher-end sales have slowed in recent months as many struggle to qualify for loans and others just sit tight. This is also the time of year that we caution people not to try to read too much into the statistics. The winter numbers are based on a smaller pool of buyers and they haven’t proved very predictive.”

The median sales price for new and resale homes and condos in January fell 3.5 percent to $326,000, down from $335,500 in December. The median price was 3.8 percent lower than in January of 2011, when the median price stood at $338,000. It was the 16th consecutive month that home prices have declined year-over-year.

By comparison, the lowest median price posted during the current real estate cycle was $290,000 in March 2009, while the peak median price was $665,000 in June/July 2007.

Distressed home sales accounted for a near record 51.9 percent of the Bay Area’s re-sale market last month, up from a revised 48.5 percent in December. Foreclosure re-sales accounted for 28.0 percent of all existing home sales in January, up from a revised 27.8 percent in December, while short sales made up about 23.9 percent of the Bay Area’s existing homes sales last month, up from a revised 20.7 percent in December.

Foreclosure re-sales peaked at 52.0 percent in February 2009 while the rate of foreclosure re-sales has been about ten percent over the last 15 years.

Cash buyers accounted for 30.0 percent of the homes sold for the month, up from a revised 27.2 percent in December, paying a median price of $220,000 for their purchases. The record for cash purchases is 30.5 percent, reached in February of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for a record 25.4 percent of all sales, up from 23.8 percent in December, paying a median price of $220,000 for the homes they purchased.

Tags: Bay Area, DataQuick, home sales, home prices, spring selling season, median sales price, new homes, re-sale homes

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