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Home Sales Down in October, Still Higher than Last Year
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 Down in October, Still Higher than Last Year
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 Down in October, Still Higher than Last Year

November 18, 2011 (Jeff Alan)

Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR).

Thirty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Last month 43 of the metro areas posted an increase in transactions. Albuquerque, NM (+36.1%), Minneapolis, MN (+34.3), Birmingham, AL (+32.9%), Des Moines, IA (+32.6%), Chicago, (+22.3%), Providence, RI (+21.0%) and Raleigh-Durham, NC (+20.5%) recorded the highest gains in closed transactions in October.

The median sales price of a home declined 2.0 percent from $183,762 in September to $176,770 in October and was 5.4 percent lower than the median sales price of $186,800 in October 2010.

Eleven of the 53 metro areas posted higher sales prices in October than they did a year earlier, down from 17 metro areas last month. The areas that posted the largest price gains were Detroit, MI (+11.5%), Omaha, NE (+10.0%), Orlando, FL (+6.7%), Des Moines, IA (+3.6%), and Houston, TX (+2.0%).

The average number of days it took to sell a home in October was 95, which was 2 days longer than the 93 days it took in September. The average month’s supply of inventory in October remained unchanged from September at 7.7 months, but was still down from a 9.7 months supply of homes in October 2010. September’s average month’s supply of inventory was upwardly revised from 7.4.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 7.3 percent from September and was 21.0 percent lower than in October 2010. It was the 16th consecutive month that the supply of homes for sale has declined.

“It appears that home sales are coming more closely in line with the levels we saw last year, which should hold up through the winter months,” said Margaret Kelly, CEO of RE/MAX, LLC. “While it’s good to see sales still running higher than last year, at some point we would like to see prices rising higher than the previous year, as well.”

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

Source:
RE/MAX

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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A NEW CAR?


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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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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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November 18, 2011 (Jeff Alan)

Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR).

Thirty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Last month 43 of the metro areas posted an increase in transactions. Albuquerque, NM (+36.1%), Minneapolis, MN (+34.3), Birmingham, AL (+32.9%), Des Moines, IA (+32.6%), Chicago, (+22.3%), Providence, RI (+21.0%) and Raleigh-Durham, NC (+20.5%) recorded the highest gains in closed transactions in October.

The median sales price of a home declined 2.0 percent from $183,762 in September to $176,770 in October and was 5.4 percent lower than the median sales price of $186,800 in October 2010.

Eleven of the 53 metro areas posted higher sales prices in October than they did a year earlier, down from 17 metro areas last month. The areas that posted the largest price gains were Detroit, MI (+11.5%), Omaha, NE (+10.0%), Orlando, FL (+6.7%), Des Moines, IA (+3.6%), and Houston, TX (+2.0%).

The average number of days it took to sell a home in October was 95, which was 2 days longer than the 93 days it took in September. The average month’s supply of inventory in October remained unchanged from September at 7.7 months, but was still down from a 9.7 months supply of homes in October 2010. September’s average month’s supply of inventory was upwardly revised from 7.4.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 7.3 percent from September and was 21.0 percent lower than in October 2010. It was the 16th consecutive month that the supply of homes for sale has declined.

“It appears that home sales are coming more closely in line with the levels we saw last year, which should hold up through the winter months,” said Margaret Kelly, CEO of RE/MAX, LLC. “While it’s good to see sales still running higher than last year, at some point we would like to see prices rising higher than the previous year, as well.”

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

Source:
RE/MAX

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 (Jeff Alan)

Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR).

Thirty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions. Last month 43 of the metro areas posted an increase in transactions. Albuquerque, NM (+36.1%), Minneapolis, MN (+34.3), Birmingham, AL (+32.9%), Des Moines, IA (+32.6%), Chicago, (+22.3%), Providence, RI (+21.0%) and Raleigh-Durham, NC (+20.5%) recorded the highest gains in closed transactions in October.

The median sales price of a home declined 2.0 percent from $183,762 in September to $176,770 in October and was 5.4 percent lower than the median sales price of $186,800 in October 2010.

Eleven of the 53 metro areas posted higher sales prices in October than they did a year earlier, down from 17 metro areas last month. The areas that posted the largest price gains were Detroit, MI (+11.5%), Omaha, NE (+10.0%), Orlando, FL (+6.7%), Des Moines, IA (+3.6%), and Houston, TX (+2.0%).

The average number of days it took to sell a home in October was 95, which was 2 days longer than the 93 days it took in September. The average month’s supply of inventory in October remained unchanged from September at 7.7 months, but was still down from a 9.7 months supply of homes in October 2010. September’s average month’s supply of inventory was upwardly revised from 7.4.

For all 53 metro areas, the average monthly inventory of homes for sale declined by 7.3 percent from September and was 21.0 percent lower than in October 2010. It was the 16th consecutive month that the supply of homes for sale has declined.

“It appears that home sales are coming more closely in line with the levels we saw last year, which should hold up through the winter months,” said Margaret Kelly, CEO of RE/MAX, LLC. “While it’s good to see sales still running higher than last year, at some point we would like to see prices rising higher than the previous year, as well.”

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

Source:
RE/MAX

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