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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.
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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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Home Prices Fall for Sixth Consecutive Month, Decline Accelerating
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 Fall for Sixth Consecutive Month, Decline Accelerating
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 Fall for Sixth Consecutive Month, Decline Accelerating

March 13, 2012 (Jeff Alan)

The national average home price fell 1.0 percent to $197,000 for transactions completed in December according to the latest Lender Processing Services (LPS) Home Price Index (HPI), and early data for January suggests the decline in prices may be accelerating.

It was the sixth consecutive month that home prices fell from the previous month and follows a 0.6 percent decline in November. The decline in home prices continues a seasonal fall/winter pattern that has been experienced by the housing market since 2009. The average home price was 3.9 percent below December 2010’s prices and leaves prices at a level not seen since September 2002.

Early, partial data from January’s sales suggest that the decline of home prices may be accelerating as a likely price decline of approximately 1.2 percent will be posted for the month.

The LPS HPI summarizes national home prices by tracking monthly prices in over 13,500 ZIP codes covering 436 Metropolitan Statistical Areas (MSAs) and covers about 75 percent of the single-family properties in the U.S.

Average home prices peaked at $282,000 in June 2006 with the most rapid decline in home prices occurring between July 31, 2007, and December, 2009, when prices declined $56,000 from the market’s peak, an annual decline of 13.8 percent. Since that time, the annual rate of decline has slowed to an average of 4.4 percent, with home prices declining an additional $29,000 during that time.

The total value of U.S. housing inventory covered by the Index stood at $10.8 trillion at the market peak and was valued at $7.5 trillion at the end of December, a decline of 30.6 percent.

Twenty-three of the 26 largest MSAs in the Index posted a monthly decline in average prices with the largest losses posted in Detroit (-2.9%), Chicago (-2.3%) and Atlanta (-1.9%). Phoenix (+0.9%), and Miami (+0.2%) were the only MSAs to post an increase from November to December, while prices in Tampa remained unchanged.

For the entire year of 2011, only 5 of the 26 largest MSAs posted an increase in average home prices with the largest gains posted in Detroit (+5.8%), Pittsburgh (+2.0%) and Miami (+1.2%), while the largest losses occurred in Atlanta (-22.2%), Chicago (-8.2%), San Francisco (-7.2%) and Seattle (-7.2%).

Average home prices in five MSA’s, Detroit, Atlanta, Cleveland, Phoenix and Chicago are currently 50.5, 30.5, 12.2, 5.1 and 3.8 percent below January 2000 levels, respectively.

Tags: average home price, home price index, market peak, MSAs, rapid price decline

Source:
LPS

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

March 13, 2012 (Jeff Alan)

The national average home price fell 1.0 percent to $197,000 for transactions completed in December according to the latest Lender Processing Services (LPS) Home Price Index (HPI), and early data for January suggests the decline in prices may be accelerating.

It was the sixth consecutive month that home prices fell from the previous month and follows a 0.6 percent decline in November. The decline in home prices continues a seasonal fall/winter pattern that has been experienced by the housing market since 2009. The average home price was 3.9 percent below December 2010’s prices and leaves prices at a level not seen since September 2002.

Early, partial data from January’s sales suggest that the decline of home prices may be accelerating as a likely price decline of approximately 1.2 percent will be posted for the month.

The LPS HPI summarizes national home prices by tracking monthly prices in over 13,500 ZIP codes covering 436 Metropolitan Statistical Areas (MSAs) and covers about 75 percent of the single-family properties in the U.S.

Average home prices peaked at $282,000 in June 2006 with the most rapid decline in home prices occurring between July 31, 2007, and December, 2009, when prices declined $56,000 from the market’s peak, an annual decline of 13.8 percent. Since that time, the annual rate of decline has slowed to an average of 4.4 percent, with home prices declining an additional $29,000 during that time.

The total value of U.S. housing inventory covered by the Index stood at $10.8 trillion at the market peak and was valued at $7.5 trillion at the end of December, a decline of 30.6 percent.

Twenty-three of the 26 largest MSAs in the Index posted a monthly decline in average prices with the largest losses posted in Detroit (-2.9%), Chicago (-2.3%) and Atlanta (-1.9%). Phoenix (+0.9%), and Miami (+0.2%) were the only MSAs to post an increase from November to December, while prices in Tampa remained unchanged.

For the entire year of 2011, only 5 of the 26 largest MSAs posted an increase in average home prices with the largest gains posted in Detroit (+5.8%), Pittsburgh (+2.0%) and Miami (+1.2%), while the largest losses occurred in Atlanta (-22.2%), Chicago (-8.2%), San Francisco (-7.2%) and Seattle (-7.2%).

Average home prices in five MSA’s, Detroit, Atlanta, Cleveland, Phoenix and Chicago are currently 50.5, 30.5, 12.2, 5.1 and 3.8 percent below January 2000 levels, respectively.

Tags: average home price, home price index, market peak, MSAs, rapid price decline

Source:
LPS

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

March 13, 2012 (Jeff Alan)

The national average home price fell 1.0 percent to $197,000 for transactions completed in December according to the latest Lender Processing Services (LPS) Home Price Index (HPI), and early data for January suggests the decline in prices may be accelerating.

It was the sixth consecutive month that home prices fell from the previous month and follows a 0.6 percent decline in November. The decline in home prices continues a seasonal fall/winter pattern that has been experienced by the housing market since 2009. The average home price was 3.9 percent below December 2010’s prices and leaves prices at a level not seen since September 2002.

Early, partial data from January’s sales suggest that the decline of home prices may be accelerating as a likely price decline of approximately 1.2 percent will be posted for the month.

The LPS HPI summarizes national home prices by tracking monthly prices in over 13,500 ZIP codes covering 436 Metropolitan Statistical Areas (MSAs) and covers about 75 percent of the single-family properties in the U.S.

Average home prices peaked at $282,000 in June 2006 with the most rapid decline in home prices occurring between July 31, 2007, and December, 2009, when prices declined $56,000 from the market’s peak, an annual decline of 13.8 percent. Since that time, the annual rate of decline has slowed to an average of 4.4 percent, with home prices declining an additional $29,000 during that time.

The total value of U.S. housing inventory covered by the Index stood at $10.8 trillion at the market peak and was valued at $7.5 trillion at the end of December, a decline of 30.6 percent.

Twenty-three of the 26 largest MSAs in the Index posted a monthly decline in average prices with the largest losses posted in Detroit (-2.9%), Chicago (-2.3%) and Atlanta (-1.9%). Phoenix (+0.9%), and Miami (+0.2%) were the only MSAs to post an increase from November to December, while prices in Tampa remained unchanged.

For the entire year of 2011, only 5 of the 26 largest MSAs posted an increase in average home prices with the largest gains posted in Detroit (+5.8%), Pittsburgh (+2.0%) and Miami (+1.2%), while the largest losses occurred in Atlanta (-22.2%), Chicago (-8.2%), San Francisco (-7.2%) and Seattle (-7.2%).

Average home prices in five MSA’s, Detroit, Atlanta, Cleveland, Phoenix and Chicago are currently 50.5, 30.5, 12.2, 5.1 and 3.8 percent below January 2000 levels, respectively.

Tags: average home price, home price index, market peak, MSAs, rapid price decline

Source:
LPS

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