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December Home Sales Buck Seasonal Trend
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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.
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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?
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December Home Sales Buck Seasonal Trend
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.
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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.
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December Home Sales Buck Seasonal Trend

January 18, 2012 (Jeff Alan)

Monthly home sales bucked the seasonal trend and took a turn for the better in December while housing inventories continued to dwindle and home prices held steady according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases increased 5.7 percent from November to December and were 1.1 percent higher than in December 2010, the sixth consecutive month home sales have increased year-over-year.

Twenty out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Providence, RI (+32.3%), Wilmington, DE (+24.1%), Nashville, TN (+20.5%), Miami, FL (+19.1%), Albuquerque, NM (+17.0%) and Chicago, IL (+16.7%) recorded the highest year-over-year gains in closed transactions in December.

The median sales price of homes sold in December was 1.0 percent lower than in the previous month of November, decreasing from $181,322 to $179,587. The median sales price was 3.5 percent lower than the median price of $189,353 in December of 2010. It was the 15th consecutive month that home prices have declined year-over-year.

Twenty of the 53 metro areas posted higher sales prices in December than they did a year earlier, down from 33 metro areas the previous month. The areas that posted the largest price gains during the month were Miami, FL (+16.7%), Orlando, FL (+14.0%), Little Rock, AR (+6.9%) and Phoenix, AZ (+6.4%).

The average number of days it took to sell a home in December was 98, which was 1 day longer than the 97 days it took in November. The average month’s supply of inventory in December remained unchanged from November at 7.8 months, but was still down from a 10.2 month supply of homes in December 2010.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 11.0 percent from November and was 25.7 percent lower than in December 2010. It was the 18th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated “We’re pleasantly surprised to see the year end with such strong sales, and hope this trend will continue into the traditional spring selling season. This December jump may be due to increased investor involvement and transactions that were scheduled to occur before the end of the year, but with prices at or very near the bottom and historically low interest rates, consumers are finding real value in this market.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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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HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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YOU'VE WORKED HARD TO BUILD YOUR DREAM

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January 18, 2012 (Jeff Alan)

Monthly home sales bucked the seasonal trend and took a turn for the better in December while housing inventories continued to dwindle and home prices held steady according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases increased 5.7 percent from November to December and were 1.1 percent higher than in December 2010, the sixth consecutive month home sales have increased year-over-year.

Twenty out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Providence, RI (+32.3%), Wilmington, DE (+24.1%), Nashville, TN (+20.5%), Miami, FL (+19.1%), Albuquerque, NM (+17.0%) and Chicago, IL (+16.7%) recorded the highest year-over-year gains in closed transactions in December.

The median sales price of homes sold in December was 1.0 percent lower than in the previous month of November, decreasing from $181,322 to $179,587. The median sales price was 3.5 percent lower than the median price of $189,353 in December of 2010. It was the 15th consecutive month that home prices have declined year-over-year.

Twenty of the 53 metro areas posted higher sales prices in December than they did a year earlier, down from 33 metro areas the previous month. The areas that posted the largest price gains during the month were Miami, FL (+16.7%), Orlando, FL (+14.0%), Little Rock, AR (+6.9%) and Phoenix, AZ (+6.4%).

The average number of days it took to sell a home in December was 98, which was 1 day longer than the 97 days it took in November. The average month’s supply of inventory in December remained unchanged from November at 7.8 months, but was still down from a 10.2 month supply of homes in December 2010.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 11.0 percent from November and was 25.7 percent lower than in December 2010. It was the 18th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated “We’re pleasantly surprised to see the year end with such strong sales, and hope this trend will continue into the traditional spring selling season. This December jump may be due to increased investor involvement and transactions that were scheduled to occur before the end of the year, but with prices at or very near the bottom and historically low interest rates, consumers are finding real value in this market.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
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

January 18, 2012 (Jeff Alan)

Monthly home sales bucked the seasonal trend and took a turn for the better in December while housing inventories continued to dwindle and home prices held steady according to RE/MAX’s National Housing Report (NHR).

Closed transactions of home purchases increased 5.7 percent from November to December and were 1.1 percent higher than in December 2010, the sixth consecutive month home sales have increased year-over-year.

Twenty out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Providence, RI (+32.3%), Wilmington, DE (+24.1%), Nashville, TN (+20.5%), Miami, FL (+19.1%), Albuquerque, NM (+17.0%) and Chicago, IL (+16.7%) recorded the highest year-over-year gains in closed transactions in December.

The median sales price of homes sold in December was 1.0 percent lower than in the previous month of November, decreasing from $181,322 to $179,587. The median sales price was 3.5 percent lower than the median price of $189,353 in December of 2010. It was the 15th consecutive month that home prices have declined year-over-year.

Twenty of the 53 metro areas posted higher sales prices in December than they did a year earlier, down from 33 metro areas the previous month. The areas that posted the largest price gains during the month were Miami, FL (+16.7%), Orlando, FL (+14.0%), Little Rock, AR (+6.9%) and Phoenix, AZ (+6.4%).

The average number of days it took to sell a home in December was 98, which was 1 day longer than the 97 days it took in November. The average month’s supply of inventory in December remained unchanged from November at 7.8 months, but was still down from a 10.2 month supply of homes in December 2010.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 11.0 percent from November and was 25.7 percent lower than in December 2010. It was the 18th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated “We’re pleasantly surprised to see the year end with such strong sales, and hope this trend will continue into the traditional spring selling season. This December jump may be due to increased investor involvement and transactions that were scheduled to occur before the end of the year, but with prices at or very near the bottom and historically low interest rates, consumers are finding real value in this market.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
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CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
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.
BUYING VS LEASING
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.
DEALER OR BANK FINANCING
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 ON THE INTERNET
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.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
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.
SEARCH FOR A HOME
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

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