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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
Do the Abundant Signs of Weakness Make for the Perfect Housing Storm?
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
Do the Abundant Signs of Weakness Make for the Perfect Housing Storm?
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
Do the Abundant Signs of Weakness Make for the Perfect Housing Storm?

August 26, 2011 (Chris Moore)

In last month’s RPX Composite Price Index Report, Radar Logic predicted that as a result of the virtually non-existent seasonal price bump, housing prices would set new post-bust lows this fall. In this months report the storm clouds start to brew as Radar Logic explains how the abundant signs of weakness in the housing market could make that prediction come true.

Radar Logic’s RPX Composite Price Index (CPI) for June declined 4.7 percent compared to June of 2010 making this springs seasonal sales increase the smallest in the RPX Composites history.

Home sales also declined year-over-year in June with transactions 6.6 lower than June of 2010.

Radar Logic expects that trend to continue with the National Association of Realtors (NAR) reporting in its Existing Home Sales Report that monthly home sales had declined by 3.5 percent in July. It was the third time in the last four months that existing home sales had declined.

In addition, the Census Bureau reported on Monday that monthly new home sales declined 0.7 percent in July. It was the third consecutive month that new home sales had declined from the previous month.

Furthermore, as of August 12, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey, mortgage applications fell to a 13-month low, even though borrowing costs are at an all-time low. In this week’s report, purchase loan applications fell to a 15-year low.

The MBA also reports an increase in the mortgage delinquency rate during the second quarter of 2011 which was also confirmed by Lender Processing Service’s July “First Look” report.

Radar Logic also expects distressed property sales to increase as a percentage of total homes sold over the next six months. The ratio of distressed properties usually hits its low in June and July as seasonal inventories increase and typically increases through January during the fall seasonal trough.

As RealtyTrac reported yesterday, foreclosures and REO properties have been selling at about a 40 percent discount compared to non-foreclosed homes. When distressed properties make up a larger share of the market, they have a greater effect on home prices.

“Unfortunately, all of the signs are pointing to the negative: inventory is up, turnover is down, and delinquencies are increasing.” said Michael Feder, President and CEO of Radar Logic. “As we look at the numbers and the other indicators we follow, we see a significant bias to the downside for the remainder of this year. The worrisome question is what will happen to our economy if homeowners lose another $1.5 trillion of home equity value on top of the $6 trillion they’ve lost over the last five years.”

The CPI reports that all but one of the 25 metropolitan statistical areas (MSAs) featured in the report registered year-over-year price declines. The one MSA that posted a yearly price increase was Boston, where prices increased 2.3 percent from June of last year

The MSA that posted the largest drop in year-over-year prices was Milwaukee which posted a 14.6 percent decline.

Jacksonville posted the largest increase in year-over-year sales transactions with a 67.9 percent gain and St. Louis suffered the largest drop in sales transactions with a 53.0 percent decline.

And we haven’t even gotten into what the effects of lower loan limits and “Qualified Residential Mortgages (QRM)” may have on the housing market.

It’s almost like watching The Perfect Storm.

Tags: Radar Logic, RPX Composite Price Index, housing prices, housing sales transactions, rate of decline, seasonal price bump, declining prices, housing crisis

Source:
Radar Logic

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

August 26, 2011 (Chris Moore)

In last month’s RPX Composite Price Index Report, Radar Logic predicted that as a result of the virtually non-existent seasonal price bump, housing prices would set new post-bust lows this fall. In this months report the storm clouds start to brew as Radar Logic explains how the abundant signs of weakness in the housing market could make that prediction come true.

Radar Logic’s RPX Composite Price Index (CPI) for June declined 4.7 percent compared to June of 2010 making this springs seasonal sales increase the smallest in the RPX Composites history.

Home sales also declined year-over-year in June with transactions 6.6 lower than June of 2010.

Radar Logic expects that trend to continue with the National Association of Realtors (NAR) reporting in its Existing Home Sales Report that monthly home sales had declined by 3.5 percent in July. It was the third time in the last four months that existing home sales had declined.

In addition, the Census Bureau reported on Monday that monthly new home sales declined 0.7 percent in July. It was the third consecutive month that new home sales had declined from the previous month.

Furthermore, as of August 12, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey, mortgage applications fell to a 13-month low, even though borrowing costs are at an all-time low. In this week’s report, purchase loan applications fell to a 15-year low.

The MBA also reports an increase in the mortgage delinquency rate during the second quarter of 2011 which was also confirmed by Lender Processing Service’s July “First Look” report.

Radar Logic also expects distressed property sales to increase as a percentage of total homes sold over the next six months. The ratio of distressed properties usually hits its low in June and July as seasonal inventories increase and typically increases through January during the fall seasonal trough.

As RealtyTrac reported yesterday, foreclosures and REO properties have been selling at about a 40 percent discount compared to non-foreclosed homes. When distressed properties make up a larger share of the market, they have a greater effect on home prices.

“Unfortunately, all of the signs are pointing to the negative: inventory is up, turnover is down, and delinquencies are increasing.” said Michael Feder, President and CEO of Radar Logic. “As we look at the numbers and the other indicators we follow, we see a significant bias to the downside for the remainder of this year. The worrisome question is what will happen to our economy if homeowners lose another $1.5 trillion of home equity value on top of the $6 trillion they’ve lost over the last five years.”

The CPI reports that all but one of the 25 metropolitan statistical areas (MSAs) featured in the report registered year-over-year price declines. The one MSA that posted a yearly price increase was Boston, where prices increased 2.3 percent from June of last year

The MSA that posted the largest drop in year-over-year prices was Milwaukee which posted a 14.6 percent decline.

Jacksonville posted the largest increase in year-over-year sales transactions with a 67.9 percent gain and St. Louis suffered the largest drop in sales transactions with a 53.0 percent decline.

And we haven’t even gotten into what the effects of lower loan limits and “Qualified Residential Mortgages (QRM)” may have on the housing market.

It’s almost like watching The Perfect Storm.

Tags: Radar Logic, RPX Composite Price Index, housing prices, housing sales transactions, rate of decline, seasonal price bump, declining prices, housing crisis

Source:
Radar Logic

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

August 26, 2011 (Chris Moore)

In last month’s RPX Composite Price Index Report, Radar Logic predicted that as a result of the virtually non-existent seasonal price bump, housing prices would set new post-bust lows this fall. In this months report the storm clouds start to brew as Radar Logic explains how the abundant signs of weakness in the housing market could make that prediction come true.

Radar Logic’s RPX Composite Price Index (CPI) for June declined 4.7 percent compared to June of 2010 making this springs seasonal sales increase the smallest in the RPX Composites history.

Home sales also declined year-over-year in June with transactions 6.6 lower than June of 2010.

Radar Logic expects that trend to continue with the National Association of Realtors (NAR) reporting in its Existing Home Sales Report that monthly home sales had declined by 3.5 percent in July. It was the third time in the last four months that existing home sales had declined.

In addition, the Census Bureau reported on Monday that monthly new home sales declined 0.7 percent in July. It was the third consecutive month that new home sales had declined from the previous month.

Furthermore, as of August 12, the Mortgage Bankers Association (MBA) reported in its Weekly Mortgage Applications Survey, mortgage applications fell to a 13-month low, even though borrowing costs are at an all-time low. In this week’s report, purchase loan applications fell to a 15-year low.

The MBA also reports an increase in the mortgage delinquency rate during the second quarter of 2011 which was also confirmed by Lender Processing Service’s July “First Look” report.

Radar Logic also expects distressed property sales to increase as a percentage of total homes sold over the next six months. The ratio of distressed properties usually hits its low in June and July as seasonal inventories increase and typically increases through January during the fall seasonal trough.

As RealtyTrac reported yesterday, foreclosures and REO properties have been selling at about a 40 percent discount compared to non-foreclosed homes. When distressed properties make up a larger share of the market, they have a greater effect on home prices.

“Unfortunately, all of the signs are pointing to the negative: inventory is up, turnover is down, and delinquencies are increasing.” said Michael Feder, President and CEO of Radar Logic. “As we look at the numbers and the other indicators we follow, we see a significant bias to the downside for the remainder of this year. The worrisome question is what will happen to our economy if homeowners lose another $1.5 trillion of home equity value on top of the $6 trillion they’ve lost over the last five years.”

The CPI reports that all but one of the 25 metropolitan statistical areas (MSAs) featured in the report registered year-over-year price declines. The one MSA that posted a yearly price increase was Boston, where prices increased 2.3 percent from June of last year

The MSA that posted the largest drop in year-over-year prices was Milwaukee which posted a 14.6 percent decline.

Jacksonville posted the largest increase in year-over-year sales transactions with a 67.9 percent gain and St. Louis suffered the largest drop in sales transactions with a 53.0 percent decline.

And we haven’t even gotten into what the effects of lower loan limits and “Qualified Residential Mortgages (QRM)” may have on the housing market.

It’s almost like watching The Perfect Storm.

Tags: Radar Logic, RPX Composite Price Index, housing prices, housing sales transactions, rate of decline, seasonal price bump, declining prices, housing crisis

Source:
Radar Logic

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