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Home Sales Come Back Strong in August
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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 Come Back Strong in August
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 Come Back Strong in August

September 25, 2012 (Jeff Alan)

Monthly sales of existing homes increased in August after a modest decline in July according to RE/MAX’s National Housing Report (NHR) while home prices remained flat for a second month but still outperformed the previous year for the seventh consecutive month.

Closed transactions of home purchases increased 2.5 percent from July to August and were 8.5 percent higher than in August of 2011, the 14th consecutive month home sales have increased year-over-year.

Forty-four out of the 53 metro areas in the report posted year-over-year increases in closed transactions, unchanged from July. Billings, MT (+36.2%), Trenton, NJ (+35.6%), Raleigh-Durham, NC (+28.9%), Albuquerque, NM (+28.7%), Chicago, IL (+28.1%) and Nashville, TN (+27.8%) recorded the highest year-over-year gains in closed transactions in August.

The median sales price of the homes sold in August was 0.2 percent lower than in the previous month of July, falling from $169,000 to $168,685. The median sales price was still 6.3 percent higher than the median price of $158,875 in August of 2011. It was the seventh consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-six of the 53 metro areas posted higher sales prices in August than they did a year earlier, up from 42 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.9%), Boise, ID (+24.1%), San Francisco, CA (+22.6%), Las Vegas, NV (+19.0%), Miami, FL (+17.8%) and Billings, MT (+16.6%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 6.7 percent from July and 29.7 percent from August 2011. It was the 26th consecutive month that the supply of homes for sale has declined.

Declining inventory and an uptick in sales for the month pushed the average month’s supply of inventory down for the first time in three months, falling from a 5.3 months supply of homes in July to a 4.9 months supply in August and down from a 6.8 months supply in August of last year.

Homes did sell slightly faster in August, falling from an average of 82 days in July to 81 days in August.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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
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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.
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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

September 25, 2012 (Jeff Alan)

Monthly sales of existing homes increased in August after a modest decline in July according to RE/MAX’s National Housing Report (NHR) while home prices remained flat for a second month but still outperformed the previous year for the seventh consecutive month.

Closed transactions of home purchases increased 2.5 percent from July to August and were 8.5 percent higher than in August of 2011, the 14th consecutive month home sales have increased year-over-year.

Forty-four out of the 53 metro areas in the report posted year-over-year increases in closed transactions, unchanged from July. Billings, MT (+36.2%), Trenton, NJ (+35.6%), Raleigh-Durham, NC (+28.9%), Albuquerque, NM (+28.7%), Chicago, IL (+28.1%) and Nashville, TN (+27.8%) recorded the highest year-over-year gains in closed transactions in August.

The median sales price of the homes sold in August was 0.2 percent lower than in the previous month of July, falling from $169,000 to $168,685. The median sales price was still 6.3 percent higher than the median price of $158,875 in August of 2011. It was the seventh consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-six of the 53 metro areas posted higher sales prices in August than they did a year earlier, up from 42 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.9%), Boise, ID (+24.1%), San Francisco, CA (+22.6%), Las Vegas, NV (+19.0%), Miami, FL (+17.8%) and Billings, MT (+16.6%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 6.7 percent from July and 29.7 percent from August 2011. It was the 26th consecutive month that the supply of homes for sale has declined.

Declining inventory and an uptick in sales for the month pushed the average month’s supply of inventory down for the first time in three months, falling from a 5.3 months supply of homes in July to a 4.9 months supply in August and down from a 6.8 months supply in August of last year.

Homes did sell slightly faster in August, falling from an average of 82 days in July to 81 days in August.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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

September 25, 2012 (Jeff Alan)

Monthly sales of existing homes increased in August after a modest decline in July according to RE/MAX’s National Housing Report (NHR) while home prices remained flat for a second month but still outperformed the previous year for the seventh consecutive month.

Closed transactions of home purchases increased 2.5 percent from July to August and were 8.5 percent higher than in August of 2011, the 14th consecutive month home sales have increased year-over-year.

Forty-four out of the 53 metro areas in the report posted year-over-year increases in closed transactions, unchanged from July. Billings, MT (+36.2%), Trenton, NJ (+35.6%), Raleigh-Durham, NC (+28.9%), Albuquerque, NM (+28.7%), Chicago, IL (+28.1%) and Nashville, TN (+27.8%) recorded the highest year-over-year gains in closed transactions in August.

The median sales price of the homes sold in August was 0.2 percent lower than in the previous month of July, falling from $169,000 to $168,685. The median sales price was still 6.3 percent higher than the median price of $158,875 in August of 2011. It was the seventh consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-six of the 53 metro areas posted higher sales prices in August than they did a year earlier, up from 42 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.9%), Boise, ID (+24.1%), San Francisco, CA (+22.6%), Las Vegas, NV (+19.0%), Miami, FL (+17.8%) and Billings, MT (+16.6%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 6.7 percent from July and 29.7 percent from August 2011. It was the 26th consecutive month that the supply of homes for sale has declined.

Declining inventory and an uptick in sales for the month pushed the average month’s supply of inventory down for the first time in three months, falling from a 5.3 months supply of homes in July to a 4.9 months supply in August and down from a 6.8 months supply in August of last year.

Homes did sell slightly faster in August, falling from an average of 82 days in July to 81 days in August.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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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