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California Home Sales Up 9.7% in June
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
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California Home Sales Up 9.7% in June
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
California Home Sales Up 9.7% in June

July 15, 2011 (Shirley Allen)

After a flat May, the home selling season finally arrived in California as sales of new and re-sale homes and condos increased by 9.7 percent from May to June with an estimated 38,975 properties sold according to the real estate experts at DataQuick.

Year-over-year sales were still down 11.3 percent from 43,964 sales in June 2010. Historically, California averages 49,929 sales in the month of June.

The median price for a home in June increased 1.6 percent to $253,000 from May’s median price of $249,000, but is down 6.3 percent from a median price of $270,000 in June of 2010. The statewide current cycle peak price was $484,000 in early 2007.

Distressed properties continued to dominate the California market as 52.6 percent of all re-sales in June were distressed sales with homes that had been foreclosed on in the previous twelve months making up 35.0 percent of the existing home sales in June.

That was up from the 34.1 percent foreclosure sales rate observed in June of last year, but was still down from 35.3 percent observed in the previous month of May 2011.

Short sales decreased to 17.6 percent of re-sales last month compared to 17.9 percent in May and down from 20.0 percent in June of 2010.

Stable home prices and low interest rates helped keep the typical mortgage payment for June virtually unchanged from May at $1027, but significantly lower than the $1,125 payment observed in June 2010. June’s typical mortgage payment is 62.5 percent lower than it was during the current cycle’s peak in June 2006.

“Indicators of market distress continue to move in different directions. Foreclosure activity has declined but remains high by historical standards. Financing with multiple mortgages is low, down payment sizes are stable, cash and non-owner occupied buying has eased a bit in recent months but remains relatively high,” DataQuick reported.

Tags: DataQuick, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

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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.
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July 15, 2011 (Shirley Allen)

After a flat May, the home selling season finally arrived in California as sales of new and re-sale homes and condos increased by 9.7 percent from May to June with an estimated 38,975 properties sold according to the real estate experts at DataQuick.

Year-over-year sales were still down 11.3 percent from 43,964 sales in June 2010. Historically, California averages 49,929 sales in the month of June.

The median price for a home in June increased 1.6 percent to $253,000 from May’s median price of $249,000, but is down 6.3 percent from a median price of $270,000 in June of 2010. The statewide current cycle peak price was $484,000 in early 2007.

Distressed properties continued to dominate the California market as 52.6 percent of all re-sales in June were distressed sales with homes that had been foreclosed on in the previous twelve months making up 35.0 percent of the existing home sales in June.

That was up from the 34.1 percent foreclosure sales rate observed in June of last year, but was still down from 35.3 percent observed in the previous month of May 2011.

Short sales decreased to 17.6 percent of re-sales last month compared to 17.9 percent in May and down from 20.0 percent in June of 2010.

Stable home prices and low interest rates helped keep the typical mortgage payment for June virtually unchanged from May at $1027, but significantly lower than the $1,125 payment observed in June 2010. June’s typical mortgage payment is 62.5 percent lower than it was during the current cycle’s peak in June 2006.

“Indicators of market distress continue to move in different directions. Foreclosure activity has declined but remains high by historical standards. Financing with multiple mortgages is low, down payment sizes are stable, cash and non-owner occupied buying has eased a bit in recent months but remains relatively high,” DataQuick reported.

Tags: DataQuick, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

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

July 15, 2011 (Shirley Allen)

After a flat May, the home selling season finally arrived in California as sales of new and re-sale homes and condos increased by 9.7 percent from May to June with an estimated 38,975 properties sold according to the real estate experts at DataQuick.

Year-over-year sales were still down 11.3 percent from 43,964 sales in June 2010. Historically, California averages 49,929 sales in the month of June.

The median price for a home in June increased 1.6 percent to $253,000 from May’s median price of $249,000, but is down 6.3 percent from a median price of $270,000 in June of 2010. The statewide current cycle peak price was $484,000 in early 2007.

Distressed properties continued to dominate the California market as 52.6 percent of all re-sales in June were distressed sales with homes that had been foreclosed on in the previous twelve months making up 35.0 percent of the existing home sales in June.

That was up from the 34.1 percent foreclosure sales rate observed in June of last year, but was still down from 35.3 percent observed in the previous month of May 2011.

Short sales decreased to 17.6 percent of re-sales last month compared to 17.9 percent in May and down from 20.0 percent in June of 2010.

Stable home prices and low interest rates helped keep the typical mortgage payment for June virtually unchanged from May at $1027, but significantly lower than the $1,125 payment observed in June 2010. June’s typical mortgage payment is 62.5 percent lower than it was during the current cycle’s peak in June 2006.

“Indicators of market distress continue to move in different directions. Foreclosure activity has declined but remains high by historical standards. Financing with multiple mortgages is low, down payment sizes are stable, cash and non-owner occupied buying has eased a bit in recent months but remains relatively high,” DataQuick reported.

Tags: DataQuick, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

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