Home Sales and Prices Increased in April: Radar Logic

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Home Sales and Prices Increased in April: Radar Logic

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

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Home Sales and Prices Increased in April: Radar Logic

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 Increased in April: Radar Logic

June 24, 2011 (Shirley Allen)

Home prices increased 2.0 percent from March to April 2011 according to Radar Logic’s April 2011 RPX Monthly Housing Market Report, but were still down 5.1 percent compared to April 2010.

Radar Logic blamed the year-over-year price drop on widespread negative equity, a backlogged foreclosure pipeline, and severe oversupply. Prices also received a boost last year as homes in April 2010 were influenced by the large influx of homebuyers trying to take advantage of the homebuyer’s tax credits before they ended

“Clearly, the very large supply of homes for sale or potentially for sale is weighing heavily on the market,” said Michael Feder, president and CEO of Radar Logic. “Perhaps more worrisome is the clearly established discount on distressed properties. Reason would suggest this discount reflects the level at which buyers are comfortable they can achieve a reasonable rate of return. We expect this situation will continue for some time and will deter any truly robust economic recovery.”

Buyers shifted away from purchasing foreclosed homes in April as non-foreclosed homes outsold foreclosed homes. Foreclosed homes sold at a 39 percent discount on average compared to non-foreclosed homes and had it not been for the decline in foreclosure sales as a percentage of total sales, the month-over-month price increase would have been smaller.

Home sales also increased from March to April by 11.6 percent, but year-over-year sales were down by 9.2 percent as the market had to contend with the post- homebuyer tax credit hangover.

Foreclosed homes sales accounted for 30 percent of all homes sold during April which was down from 33 percent in March.

Of the 25 Metropolitan Statistical Areas (MSA), only three reported price decreases in month-over-month comparisons. The top gainer was Atlanta which saw a price gain of 12.0 percent. Seattle and San Diego both reported the largest declines of 1.2 percent

All of the MSAs experienced price declines in year-over-year comparisons, with New York reporting the smallest decline of 0.2 percent and Boston reporting the largest price decline of 21.8 percent.

Tags: Radar Logic, home prices, home sales, distressed properties, price discount, foreclosure sales, foreclosed homes, homebuyer tax credit

Source:
Radar Logic

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June 24, 2011 (Shirley Allen)

Home prices increased 2.0 percent from March to April 2011 according to Radar Logic’s April 2011 RPX Monthly Housing Market Report, but were still down 5.1 percent compared to April 2010.

Home sales also increased from March to April by 11.6 percent, but year-over-year sales were down by 9.2 percent as the market had to contend with the post- homebuyer tax credit hangover.

Foreclosed homes sales accounted for 30 percent of all homes sold during April which was down from 33 percent in March.

All of the MSAs experienced price declines in year-over-year comparisons, with New York reporting the smallest decline of 0.2 percent and Boston reporting the largest price decline of 21.8 percent.

Tags: Radar Logic, home prices, home sales, distressed properties, price discount, foreclosure sales, foreclosed homes, homebuyer tax credit

Source:
Radar Logic

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

June 24, 2011 (Shirley Allen)

Home prices increased 2.0 percent from March to April 2011 according to Radar Logic’s April 2011 RPX Monthly Housing Market Report, but were still down 5.1 percent compared to April 2010.

Home sales also increased from March to April by 11.6 percent, but year-over-year sales were down by 9.2 percent as the market had to contend with the post- homebuyer tax credit hangover.

Foreclosed homes sales accounted for 30 percent of all homes sold during April which was down from 33 percent in March.

All of the MSAs experienced price declines in year-over-year comparisons, with New York reporting the smallest decline of 0.2 percent and Boston reporting the largest price decline of 21.8 percent.

Tags: Radar Logic, home prices, home sales, distressed properties, price discount, foreclosure sales, foreclosed homes, homebuyer tax credit

Source:
Radar Logic

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