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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.
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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.
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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Home Sales and Prices Fall in California, but so does the Monthly Payment
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 Sales and Prices Fall in California, but so does the Monthly Payment
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 Sales and Prices Fall in California, but so does the Monthly Payment

November 18, 2011 (Shirley Allen)

Monthly sales of new and existing homes, along with home prices, declined in California from September to October, but there is a silver lining – average mortgage payments are at an all-time low according to real estate information provider DataQuick.

An estimated total of 34,087 new and resale houses and condos were sold in the Golden State in October. That was 3.7 percent lower than the 35,404 homes sold in September but 4.3 percent higher than the 32,669 homes sold in October 2010. Historically, California averages 43,528 home sales in the month of October.

The median sales price for a home in California declined 3.6 percent to $240,000 in October from $249,000 in September and was 6.3 percent lower than the median price of $256,000 in October of 2010.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in April 2009. Year-over-year home prices have declined for 13 consecutive months.

Distressed property sales accounted for 53.6 percent of all re-sales in October, up from 52.5 percent in September, with homes that had been foreclosed on in the previous twelve months accounting for 34.1 percent of the existing home sales in October. That was an increase from 33.8 percent posted in the previous month of September but was down from 36.7 percent posted in October of 2010.

Short sales increased to 19.5 percent of all re-sales last month, up from 18.7 percent in September. In October of last year, short sales accounted for 18.2 percent of all distressed property sales.

Low mortgage interest rates and falling prices helped California borrowers keep their payments low as the typical monthly mortgage payment for home buyers declined by another $40 from September to October, falling to $924, the lowest payment on record for California when adjusted for inflation since DataQuick began keeping track in 1988.

The payment was also $81 less than the average mortgage payment of $1,005 in October of last year. October’s typical mortgage payment was 66.6 percent lower than it was during the current cycle’s peak in June 2006.

Tags: DataQuick, California, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

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.
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

November 18, 2011 (Shirley Allen)

Monthly sales of new and existing homes, along with home prices, declined in California from September to October, but there is a silver lining – average mortgage payments are at an all-time low according to real estate information provider DataQuick.

An estimated total of 34,087 new and resale houses and condos were sold in the Golden State in October. That was 3.7 percent lower than the 35,404 homes sold in September but 4.3 percent higher than the 32,669 homes sold in October 2010. Historically, California averages 43,528 home sales in the month of October.

The median sales price for a home in California declined 3.6 percent to $240,000 in October from $249,000 in September and was 6.3 percent lower than the median price of $256,000 in October of 2010.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in April 2009. Year-over-year home prices have declined for 13 consecutive months.

Distressed property sales accounted for 53.6 percent of all re-sales in October, up from 52.5 percent in September, with homes that had been foreclosed on in the previous twelve months accounting for 34.1 percent of the existing home sales in October. That was an increase from 33.8 percent posted in the previous month of September but was down from 36.7 percent posted in October of 2010.

Short sales increased to 19.5 percent of all re-sales last month, up from 18.7 percent in September. In October of last year, short sales accounted for 18.2 percent of all distressed property sales.

Low mortgage interest rates and falling prices helped California borrowers keep their payments low as the typical monthly mortgage payment for home buyers declined by another $40 from September to October, falling to $924, the lowest payment on record for California when adjusted for inflation since DataQuick began keeping track in 1988.

The payment was also $81 less than the average mortgage payment of $1,005 in October of last year. October’s typical mortgage payment was 66.6 percent lower than it was during the current cycle’s peak in June 2006.

Tags: DataQuick, California, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

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

November 18, 2011 (Shirley Allen)

Monthly sales of new and existing homes, along with home prices, declined in California from September to October, but there is a silver lining – average mortgage payments are at an all-time low according to real estate information provider DataQuick.

An estimated total of 34,087 new and resale houses and condos were sold in the Golden State in October. That was 3.7 percent lower than the 35,404 homes sold in September but 4.3 percent higher than the 32,669 homes sold in October 2010. Historically, California averages 43,528 home sales in the month of October.

The median sales price for a home in California declined 3.6 percent to $240,000 in October from $249,000 in September and was 6.3 percent lower than the median price of $256,000 in October of 2010.

The statewide current cycle peak price was $484,000 in early 2007, while the low during the current cycle was $221,000 in April 2009. Year-over-year home prices have declined for 13 consecutive months.

Distressed property sales accounted for 53.6 percent of all re-sales in October, up from 52.5 percent in September, with homes that had been foreclosed on in the previous twelve months accounting for 34.1 percent of the existing home sales in October. That was an increase from 33.8 percent posted in the previous month of September but was down from 36.7 percent posted in October of 2010.

Short sales increased to 19.5 percent of all re-sales last month, up from 18.7 percent in September. In October of last year, short sales accounted for 18.2 percent of all distressed property sales.

Low mortgage interest rates and falling prices helped California borrowers keep their payments low as the typical monthly mortgage payment for home buyers declined by another $40 from September to October, falling to $924, the lowest payment on record for California when adjusted for inflation since DataQuick began keeping track in 1988.

The payment was also $81 less than the average mortgage payment of $1,005 in October of last year. October’s typical mortgage payment was 66.6 percent lower than it was during the current cycle’s peak in June 2006.

Tags: DataQuick, California, new and re-sale homes, condos, sales, median home prices, distressed properties, short sales, typical mortgage payment

Source:
DataQuick

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