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Home Prices Increase in May According to Altos Research
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 Increase in May According to Altos Research
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 Increase in May According to Altos Research

June 6, 2011 (Jeff Alan)

Although home prices in the first quarter of 2011 show a double dip, the latest data from Altos Research’s Mid-Cities Composite shows signs of a strengthening spring market as median home prices increased from $440,194 in April to $444,273 in May 2011.

The new Altos Mid-Cities Composite examines an alternate set of smaller Metropolitan Statistical Areas (MSAs) across the country to counter the volatility seen in larger, mostly coastal cities in the Case-Shiller Home Price Index (HPI).

Only two of the 29 markets, New York and Las Vegas, reported deceases in prices. Prices in New York were down 2.85 percent in May compared to April, and Las Vegas reported a 0.76 decrease in May compared to April.

The cities with the largest price gains in May, compared to April, were San Francisco (3.33%), Washington D.C. (3.27%) and San Jose (3.14 %).

Housing inventory also increased in the month of May, though at a slower pace than what was seen with earlier spring numbers. Seven of the 26 markets showed double digit increases in spring housing inventory on the 90 day average, with Boston having the largest gains with a 29.01 percent inventory increase.

Other cities experiencing double digit gains in inventory on the 90 day average were New York (16.45%), Washington D.C. (15.95%), Philadelphia (14.83%), Austin (14.81), San Francisco (13.76%), and Minneapolis (12.25%).

Phoenix suffered the largest decrease in housing inventory on the 90 day average at -15.25 percent, with Miami (-7.86%) and Tampa (-1.78%) the only other two cities experiencing a shrinking inventory.

Altos Research calls the current housing market the “Catfish Recovery” by saying, “Catfish spend their time moving slowly at the bottom of lakes and rivers bobbing up and down from place to place without a clear direction. Plan for prices over the long term to hit a bottom, rise a bit, sink back down, rise again—a pattern we expect with the housing market for several years. The housing recovery will take a long time and it is going to happen slowly.”

You can read Altos Research’s Mid-Cities Composite in its entirety here.

Tags: Altos Research, Mid-Cities Composite, median home price, housing inventory, spring selling season

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.
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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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June 6, 2011 (Jeff Alan)

Although home prices in the first quarter of 2011 show a double dip, the latest data from Altos Research’s Mid-Cities Composite shows signs of a strengthening spring market as median home prices increased from $440,194 in April to $444,273 in May 2011.

The new Altos Mid-Cities Composite examines an alternate set of smaller Metropolitan Statistical Areas (MSAs) across the country to counter the volatility seen in larger, mostly coastal cities in the Case-Shiller Home Price Index (HPI).

Only two of the 29 markets, New York and Las Vegas, reported deceases in prices. Prices in New York were down 2.85 percent in May compared to April, and Las Vegas reported a 0.76 decrease in May compared to April.

The cities with the largest price gains in May, compared to April, were San Francisco (3.33%), Washington D.C. (3.27%) and San Jose (3.14 %).

Housing inventory also increased in the month of May, though at a slower pace than what was seen with earlier spring numbers. Seven of the 26 markets showed double digit increases in spring housing inventory on the 90 day average, with Boston having the largest gains with a 29.01 percent inventory increase.

Other cities experiencing double digit gains in inventory on the 90 day average were New York (16.45%), Washington D.C. (15.95%), Philadelphia (14.83%), Austin (14.81), San Francisco (13.76%), and Minneapolis (12.25%).

Phoenix suffered the largest decrease in housing inventory on the 90 day average at -15.25 percent, with Miami (-7.86%) and Tampa (-1.78%) the only other two cities experiencing a shrinking inventory.

Altos Research calls the current housing market the “Catfish Recovery” by saying, “Catfish spend their time moving slowly at the bottom of lakes and rivers bobbing up and down from place to place without a clear direction. Plan for prices over the long term to hit a bottom, rise a bit, sink back down, rise again—a pattern we expect with the housing market for several years. The housing recovery will take a long time and it is going to happen slowly.”

You can read Altos Research’s Mid-Cities Composite in its entirety here.

Tags: Altos Research, Mid-Cities Composite, median home price, housing inventory, spring selling season

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

June 6, 2011 (Jeff Alan)

Although home prices in the first quarter of 2011 show a double dip, the latest data from Altos Research’s Mid-Cities Composite shows signs of a strengthening spring market as median home prices increased from $440,194 in April to $444,273 in May 2011.

The new Altos Mid-Cities Composite examines an alternate set of smaller Metropolitan Statistical Areas (MSAs) across the country to counter the volatility seen in larger, mostly coastal cities in the Case-Shiller Home Price Index (HPI).

Only two of the 29 markets, New York and Las Vegas, reported deceases in prices. Prices in New York were down 2.85 percent in May compared to April, and Las Vegas reported a 0.76 decrease in May compared to April.

The cities with the largest price gains in May, compared to April, were San Francisco (3.33%), Washington D.C. (3.27%) and San Jose (3.14 %).

Housing inventory also increased in the month of May, though at a slower pace than what was seen with earlier spring numbers. Seven of the 26 markets showed double digit increases in spring housing inventory on the 90 day average, with Boston having the largest gains with a 29.01 percent inventory increase.

Other cities experiencing double digit gains in inventory on the 90 day average were New York (16.45%), Washington D.C. (15.95%), Philadelphia (14.83%), Austin (14.81), San Francisco (13.76%), and Minneapolis (12.25%).

Phoenix suffered the largest decrease in housing inventory on the 90 day average at -15.25 percent, with Miami (-7.86%) and Tampa (-1.78%) the only other two cities experiencing a shrinking inventory.

Altos Research calls the current housing market the “Catfish Recovery” by saying, “Catfish spend their time moving slowly at the bottom of lakes and rivers bobbing up and down from place to place without a clear direction. Plan for prices over the long term to hit a bottom, rise a bit, sink back down, rise again—a pattern we expect with the housing market for several years. The housing recovery will take a long time and it is going to happen slowly.”

You can read Altos Research’s Mid-Cities Composite in its entirety here.

Tags: Altos Research, Mid-Cities Composite, median home price, housing inventory, spring selling season

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