Home Prices Hit New Post-Crisis Lows

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Home Prices Hit New Post-Crisis Lows

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 Hit New Post-Crisis Lows

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 Hit New Post-Crisis Lows

March 28, 2012 (Chris Moore)

Home prices in the United States continued to fall in January, though at a marginally slower pace, but still leaving prices at new post-crisis lows according to the latest S&P/Case-Shiller Home Price Indices.

Sixteen of the 19 Metropolitan Statistical Areas (MSAs) posted monthly declines in home prices with only Miami, Phoenix and Washington D.C. posting gains. Compared to December, prices in Phoenix were up 0.9 percent, in Washington D.C. they were up 0.7 percent and in Miami they were up 0.6 percent. The 10-City and 20-City Composites both posted monthly declines of 0.8 percent.

San Francisco suffered the largest monthly decline in home prices, falling 2.5 percent from December to January, followed by Portland and Atlanta, both with 2.1 percent declines.

In year-over-year results, the 10-City Composite was 3.9 percent lower than in January of 2011 while the 20-City Composite was 3.8 percent lower than a year earlier.

Sixteen of the 19 MSAs also posted year-over-year declines in home prices with only Denver, Detroit, and Phoenix posting increases. Compared to January 2011, prices in Detroit have improved 1.7 percent, in Phoenix prices are up 1.3 percent and in Denver prices are 0.2 percent higher than a year ago.

The largest decline in home prices was posted in Atlanta which saw prices fall 14.8 percent in the last year. Las Vegas had the second largest annual decline of 9.0 percent, followed by Chicago at 6.6 percent and San Francisco, which had an annual decline of 5.9 percent.

Not accounting for inflation, average home prices across the United States are back at the same levels they were in late 2002/early 2003.

From their peak in June/July 2006, index levels for both the 10-City and the 20 City Composites have fallen 34.4 percent.

Four MSAs, Atlanta, Cleveland, Detroit and Las Vegas, continued to see average prices that are below their January 2000 levels while eight MSAs, Atlanta, Chicago, Cleveland, Las Vegas, New York, Portland, Seattle and Tampa, are at their lowest level since the market peaked in 2006.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices

Source:
S&P

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March 28, 2012 (Chris Moore)

San Francisco suffered the largest monthly decline in home prices, falling 2.5 percent from December to January, followed by Portland and Atlanta, both with 2.1 percent declines.

In year-over-year results, the 10-City Composite was 3.9 percent lower than in January of 2011 while the 20-City Composite was 3.8 percent lower than a year earlier.

Not accounting for inflation, average home prices across the United States are back at the same levels they were in late 2002/early 2003.

From their peak in June/July 2006, index levels for both the 10-City and the 20 City Composites have fallen 34.4 percent.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices

Source:
S&P

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?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

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

HOME SELLING TIPS

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

March 28, 2012 (Chris Moore)

San Francisco suffered the largest monthly decline in home prices, falling 2.5 percent from December to January, followed by Portland and Atlanta, both with 2.1 percent declines.

In year-over-year results, the 10-City Composite was 3.9 percent lower than in January of 2011 while the 20-City Composite was 3.8 percent lower than a year earlier.

Not accounting for inflation, average home prices across the United States are back at the same levels they were in late 2002/early 2003.

From their peak in June/July 2006, index levels for both the 10-City and the 20 City Composites have fallen 34.4 percent.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices

Source:
S&P

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?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

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

HOME SELLING TIPS

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