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Home Prices Decline for Third Straight Month
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
Home Prices Decline for Third Straight Month
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
Home Prices Decline for Third Straight Month

December 13 2010 (Shirley Allen)
double-dip-road-sign
According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory.

The report also revealed that national quarter over quarter price changes reached -5.8 percent with the Midwest experiencing the sharpest decline at -9.9 percent.

Only Honolulu and Washington D.C maintained quarterly and yearly gains last month while the South region was 2.3 percent above the lows in experienced in 2009.

The six lowest performing markets experienced double digit quarterly losses.

In last months report six of the top 50 metro markets were measured to have double-dipped while in November’s report more than double that, thirteen, are now in double-dip territory. Markets currently experiencing a double dip include Charlotte, N.C.; Jacksonville, Fla.; Las Vegas; Miami; Nashville, Tenn.; Orlando, Fla.; Philadelphia; Portland, Ore.; Richmond, Va.; Seattle, Wash.; Tampa, Fla.; Tucson, Ariz.; and Virginia Beach, Va.

Current price levels in the double –dipped areas are the lowest since the housing downturn began.

Clear Capital Senior Statistician Alex Villacorta stated, “It’s encouraging that the immediate and dramatic decline in prices that we observed since mid August appears to be softening. But any optimism should be tempered by the fact that November’s numbers show continued significant downward pressure for home prices. Nationally, prices are 6 percent above double dip territory, but are down 8 percent since the momentum from the tax credit ended.”

Other important indicators have also pointed towards a downward slide in prices. Last month the Federal Housing Finance Agency reported that U.S. home prices fell in the third quarter by 1.6 percent and 3.2 percent year over year.

The latest S&P/Case-Shiller Home Price Indices estimates that home prices fell by 2.0 percent last quarter and that prices dropped by 1.5 percent year over year.

The differences in numbers is based on the type of data collected and how it’s evaluated but the information clearly indicates that home prices seem to be once again trending downward.

Tags: falling home prices, double-dip, home prices, housing markets

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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December 13 2010 (Shirley Allen)
double-dip-road-sign
According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory.

The report also revealed that national quarter over quarter price changes reached -5.8 percent with the Midwest experiencing the sharpest decline at -9.9 percent.

Only Honolulu and Washington D.C maintained quarterly and yearly gains last month while the South region was 2.3 percent above the lows in experienced in 2009.

The six lowest performing markets experienced double digit quarterly losses.

In last months report six of the top 50 metro markets were measured to have double-dipped while in November’s report more than double that, thirteen, are now in double-dip territory. Markets currently experiencing a double dip include Charlotte, N.C.; Jacksonville, Fla.; Las Vegas; Miami; Nashville, Tenn.; Orlando, Fla.; Philadelphia; Portland, Ore.; Richmond, Va.; Seattle, Wash.; Tampa, Fla.; Tucson, Ariz.; and Virginia Beach, Va.

Current price levels in the double –dipped areas are the lowest since the housing downturn began.

Clear Capital Senior Statistician Alex Villacorta stated, “It’s encouraging that the immediate and dramatic decline in prices that we observed since mid August appears to be softening. But any optimism should be tempered by the fact that November’s numbers show continued significant downward pressure for home prices. Nationally, prices are 6 percent above double dip territory, but are down 8 percent since the momentum from the tax credit ended.”

Other important indicators have also pointed towards a downward slide in prices. Last month the Federal Housing Finance Agency reported that U.S. home prices fell in the third quarter by 1.6 percent and 3.2 percent year over year.

The latest S&P/Case-Shiller Home Price Indices estimates that home prices fell by 2.0 percent last quarter and that prices dropped by 1.5 percent year over year.

The differences in numbers is based on the type of data collected and how it’s evaluated but the information clearly indicates that home prices seem to be once again trending downward.

Tags: falling home prices, double-dip, home prices, housing markets

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 13 2010 (Shirley Allen)
double-dip-road-sign
According to the Clear Capital Home Data Index Market Report, U.S. home prices fell in the month of November continuing a three month trend with more local markets dropping into “double-dip” territory.

The report also revealed that national quarter over quarter price changes reached -5.8 percent with the Midwest experiencing the sharpest decline at -9.9 percent.

Only Honolulu and Washington D.C maintained quarterly and yearly gains last month while the South region was 2.3 percent above the lows in experienced in 2009.

The six lowest performing markets experienced double digit quarterly losses.

In last months report six of the top 50 metro markets were measured to have double-dipped while in November’s report more than double that, thirteen, are now in double-dip territory. Markets currently experiencing a double dip include Charlotte, N.C.; Jacksonville, Fla.; Las Vegas; Miami; Nashville, Tenn.; Orlando, Fla.; Philadelphia; Portland, Ore.; Richmond, Va.; Seattle, Wash.; Tampa, Fla.; Tucson, Ariz.; and Virginia Beach, Va.

Current price levels in the double –dipped areas are the lowest since the housing downturn began.

Clear Capital Senior Statistician Alex Villacorta stated, “It’s encouraging that the immediate and dramatic decline in prices that we observed since mid August appears to be softening. But any optimism should be tempered by the fact that November’s numbers show continued significant downward pressure for home prices. Nationally, prices are 6 percent above double dip territory, but are down 8 percent since the momentum from the tax credit ended.”

Other important indicators have also pointed towards a downward slide in prices. Last month the Federal Housing Finance Agency reported that U.S. home prices fell in the third quarter by 1.6 percent and 3.2 percent year over year.

The latest S&P/Case-Shiller Home Price Indices estimates that home prices fell by 2.0 percent last quarter and that prices dropped by 1.5 percent year over year.

The differences in numbers is based on the type of data collected and how it’s evaluated but the information clearly indicates that home prices seem to be once again trending downward.

Tags: falling home prices, double-dip, home prices, housing markets

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