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Existing Home Sales Fall in November
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
Existing Home Sales Fall in November
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
Existing Home Sales Fall in November

December 28, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the third time in the last four months in November but stayed well above last year’s levels according to RE/MAX’s monthly National Housing Report (NHR) while dwindling inventories resulted in an increase in home prices.

November followed October’s 5.4 percent monthly gain in closed transactions with a 7.2 percent decline. Homes sales for the month were still 15.7 percent higher than in November of 2011, marking the 17th consecutive month that home sales have increased year-over-year.

Fifty out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 48 in October. Providence, RI (+62.6%), Burlington, VT (+50.8%), Manchester, NH (+38.8%), Nashville, TN (+35.7%), and Tampa, FL (+35.1%) recorded the highest year-over-year gains in closed transactions in November.

The median sales price of the homes sold in November was 3.1 percent higher than in the previous month of October, increasing from $158,900 to $163,750. The median sales price was 6.9 percent higher than the median price of $153,225 in November of 2011. It was the tenth consecutive month that home prices have increased year-over-year following 18 months of declines.

Fifty-one of the 53 metro areas posted higher sales prices in November than they did a year earlier, up from 48 the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+34.8%), Atlanta, GA (+25.7%), Tampa, FL (+23.7%), Las Vegas, NV (+20.1%) and Detroit, MI (+19.7%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 8.0 percent from October and 29.1 percent from November 2011. It was the 29th consecutive month that the supply of homes for sale has declined.

Although the housing inventory continued to decline, the drop in sales increased the average month’s supply of homes for sale from a revised 5.2 months supply of homes in October to a 5.5 months supply in November but still down from a 7.8 months supply in November of last year.

The average number of days it took for a home to sell remained low at 82 days in November, unchanged from October, but still lower than the 97 days it took a year ago.

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

Source:
RE/MAX

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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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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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

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December 28, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the third time in the last four months in November but stayed well above last year’s levels according to RE/MAX’s monthly National Housing Report (NHR) while dwindling inventories resulted in an increase in home prices.

November followed October’s 5.4 percent monthly gain in closed transactions with a 7.2 percent decline. Homes sales for the month were still 15.7 percent higher than in November of 2011, marking the 17th consecutive month that home sales have increased year-over-year.

Fifty out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 48 in October. Providence, RI (+62.6%), Burlington, VT (+50.8%), Manchester, NH (+38.8%), Nashville, TN (+35.7%), and Tampa, FL (+35.1%) recorded the highest year-over-year gains in closed transactions in November.

The median sales price of the homes sold in November was 3.1 percent higher than in the previous month of October, increasing from $158,900 to $163,750. The median sales price was 6.9 percent higher than the median price of $153,225 in November of 2011. It was the tenth consecutive month that home prices have increased year-over-year following 18 months of declines.

Fifty-one of the 53 metro areas posted higher sales prices in November than they did a year earlier, up from 48 the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+34.8%), Atlanta, GA (+25.7%), Tampa, FL (+23.7%), Las Vegas, NV (+20.1%) and Detroit, MI (+19.7%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 8.0 percent from October and 29.1 percent from November 2011. It was the 29th consecutive month that the supply of homes for sale has declined.

Although the housing inventory continued to decline, the drop in sales increased the average month’s supply of homes for sale from a revised 5.2 months supply of homes in October to a 5.5 months supply in November but still down from a 7.8 months supply in November of last year.

The average number of days it took for a home to sell remained low at 82 days in November, unchanged from October, but still lower than the 97 days it took a year ago.

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

Source:
RE/MAX

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

December 28, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the third time in the last four months in November but stayed well above last year’s levels according to RE/MAX’s monthly National Housing Report (NHR) while dwindling inventories resulted in an increase in home prices.

November followed October’s 5.4 percent monthly gain in closed transactions with a 7.2 percent decline. Homes sales for the month were still 15.7 percent higher than in November of 2011, marking the 17th consecutive month that home sales have increased year-over-year.

Fifty out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 48 in October. Providence, RI (+62.6%), Burlington, VT (+50.8%), Manchester, NH (+38.8%), Nashville, TN (+35.7%), and Tampa, FL (+35.1%) recorded the highest year-over-year gains in closed transactions in November.

The median sales price of the homes sold in November was 3.1 percent higher than in the previous month of October, increasing from $158,900 to $163,750. The median sales price was 6.9 percent higher than the median price of $153,225 in November of 2011. It was the tenth consecutive month that home prices have increased year-over-year following 18 months of declines.

Fifty-one of the 53 metro areas posted higher sales prices in November than they did a year earlier, up from 48 the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+34.8%), Atlanta, GA (+25.7%), Tampa, FL (+23.7%), Las Vegas, NV (+20.1%) and Detroit, MI (+19.7%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 8.0 percent from October and 29.1 percent from November 2011. It was the 29th consecutive month that the supply of homes for sale has declined.

Although the housing inventory continued to decline, the drop in sales increased the average month’s supply of homes for sale from a revised 5.2 months supply of homes in October to a 5.5 months supply in November but still down from a 7.8 months supply in November of last year.

The average number of days it took for a home to sell remained low at 82 days in November, unchanged from October, but still lower than the 97 days it took a year ago.

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

Source:
RE/MAX

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