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Home Purchase Contracts Dip in April
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 Purchase Contracts Dip in April
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 Purchase Contracts Dip in April

May 31, 2012 (Chris Moore)

Contract signings for home purchases declined for the first time in three months in April, falling 5.5 percent to 95.5 from a downwardly revised 101.1 in March according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

The decline in contract signings still left the Index 14.4 percent above April of last year when the Index was at 83.5.

Lawrence Yun, chief economist of NAR, stated, “Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues. Housing market activity has clearly broken out at notably higher levels and is on track to see the best performance since 2007.”

Three of the four regions in the Index experienced declines in their monthly level of sales contract activity while all of the regions posted higher levels of activity than the previous year.

The West suffered the largest decline in signed contracts, falling 12.0 percent from March, followed by the South where contract signings fell by 6.8 percent from the previous month while in the Midwest, signings fell by a modest 0.3 percent.

The Northeast was the only region to register a gain, improving 0.9 percent from March.

Compared to April 2011, the Midwest was 23.0 percent higher, the Northeast improved 19.9 percent and the South and the West saw activity improve by 13.3 and 5.1 percent, respectively.

“All of the major housing market indicators are expected to trend gradually up, but a new federal budget must be passed before the end of the year for the economy to continue to move forward,” Yun added.

NAR also adjusted its forecast on home sales and prices for 2012 with home sales expected to rise to 4.66 million this year and home prices projected to increase between two and three percent this year.

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

Tags: pending home sales, existing home sales, contract signings, contract cancellations

Source:
NAR

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.
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BUYING OR SELLING A HOME IS A BIG DECISION
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HOME BUYING TIPS
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
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

May 31, 2012 (Chris Moore)

Contract signings for home purchases declined for the first time in three months in April, falling 5.5 percent to 95.5 from a downwardly revised 101.1 in March according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

The decline in contract signings still left the Index 14.4 percent above April of last year when the Index was at 83.5.

Lawrence Yun, chief economist of NAR, stated, “Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues. Housing market activity has clearly broken out at notably higher levels and is on track to see the best performance since 2007.”

Three of the four regions in the Index experienced declines in their monthly level of sales contract activity while all of the regions posted higher levels of activity than the previous year.

The West suffered the largest decline in signed contracts, falling 12.0 percent from March, followed by the South where contract signings fell by 6.8 percent from the previous month while in the Midwest, signings fell by a modest 0.3 percent.

The Northeast was the only region to register a gain, improving 0.9 percent from March.

Compared to April 2011, the Midwest was 23.0 percent higher, the Northeast improved 19.9 percent and the South and the West saw activity improve by 13.3 and 5.1 percent, respectively.

“All of the major housing market indicators are expected to trend gradually up, but a new federal budget must be passed before the end of the year for the economy to continue to move forward,” Yun added.

NAR also adjusted its forecast on home sales and prices for 2012 with home sales expected to rise to 4.66 million this year and home prices projected to increase between two and three percent this year.

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

Tags: pending home sales, existing home sales, contract signings, contract cancellations

Source:
NAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
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
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 SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
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

May 31, 2012 (Chris Moore)

Contract signings for home purchases declined for the first time in three months in April, falling 5.5 percent to 95.5 from a downwardly revised 101.1 in March according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

The decline in contract signings still left the Index 14.4 percent above April of last year when the Index was at 83.5.

Lawrence Yun, chief economist of NAR, stated, “Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues. Housing market activity has clearly broken out at notably higher levels and is on track to see the best performance since 2007.”

Three of the four regions in the Index experienced declines in their monthly level of sales contract activity while all of the regions posted higher levels of activity than the previous year.

The West suffered the largest decline in signed contracts, falling 12.0 percent from March, followed by the South where contract signings fell by 6.8 percent from the previous month while in the Midwest, signings fell by a modest 0.3 percent.

The Northeast was the only region to register a gain, improving 0.9 percent from March.

Compared to April 2011, the Midwest was 23.0 percent higher, the Northeast improved 19.9 percent and the South and the West saw activity improve by 13.3 and 5.1 percent, respectively.

“All of the major housing market indicators are expected to trend gradually up, but a new federal budget must be passed before the end of the year for the economy to continue to move forward,” Yun added.

NAR also adjusted its forecast on home sales and prices for 2012 with home sales expected to rise to 4.66 million this year and home prices projected to increase between two and three percent this year.

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

Tags: pending home sales, existing home sales, contract signings, contract cancellations

Source:
NAR

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
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.
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

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