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Home Sales Fall for the First Time in Six Months
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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.
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 Fall for the First Time in Six Months
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 Fall for the First Time in Six Months

August 21, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the first time in six months from June to July according to RE/MAX’s National Housing Report (NHR) while year-over-year home prices continued to improve but declined slightly from June.

Closed transactions of home purchases fell 9.4 percent from June to July but were still 10.3 percent higher than in July of 2011, the 13th 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, up from 40 metro areas in June. Providence, RI (+38.1%), Albuquerque, NM (+29.6%), Chicago, IL (+29.5%), Boston, MA (+25.7%), Nashville, TN (+25.4%), and Milwaukee, WI (+25.1%) recorded the highest year-over-year gains in closed transactions in July.

The median sales price of the homes sold in July was 0.6 percent lower than in the previous month of June, falling from $170,067 to $169,000. The median sales price was still 3.7 percent higher than the median price in July of 2011. It was the sixth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-two of the 53 metro areas posted higher sales prices in July than they did a year earlier, down from 44 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.1%), Boise, ID (+22.1%), San Francisco, CA (+20.6%), Little Rock, AR (+14.5%), Detroit, MI (+14.1%), and Las Vegas, NV (+13.2%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.4 percent from June and 26.8 percent from July 2011. It was the 25th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the drop in home sales pushed the average month’s supply of inventory up for a second consecutive month, rising from a 5.0 months supply of homes in June to a 5.3 months supply in July but still down from a 7.2 months supply in July of last year.

Homes did sell faster in July, falling from an average of 84 days in June to 82 days in July.

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.
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A NEW CAR?

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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.
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August 21, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the first time in six months from June to July according to RE/MAX’s National Housing Report (NHR) while year-over-year home prices continued to improve but declined slightly from June.

Closed transactions of home purchases fell 9.4 percent from June to July but were still 10.3 percent higher than in July of 2011, the 13th 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, up from 40 metro areas in June. Providence, RI (+38.1%), Albuquerque, NM (+29.6%), Chicago, IL (+29.5%), Boston, MA (+25.7%), Nashville, TN (+25.4%), and Milwaukee, WI (+25.1%) recorded the highest year-over-year gains in closed transactions in July.

The median sales price of the homes sold in July was 0.6 percent lower than in the previous month of June, falling from $170,067 to $169,000. The median sales price was still 3.7 percent higher than the median price in July of 2011. It was the sixth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-two of the 53 metro areas posted higher sales prices in July than they did a year earlier, down from 44 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.1%), Boise, ID (+22.1%), San Francisco, CA (+20.6%), Little Rock, AR (+14.5%), Detroit, MI (+14.1%), and Las Vegas, NV (+13.2%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.4 percent from June and 26.8 percent from July 2011. It was the 25th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the drop in home sales pushed the average month’s supply of inventory up for a second consecutive month, rising from a 5.0 months supply of homes in June to a 5.3 months supply in July but still down from a 7.2 months supply in July of last year.

Homes did sell faster in July, falling from an average of 84 days in June to 82 days in July.

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

August 21, 2012 (Jeff Alan)

Monthly sales of existing homes fell for the first time in six months from June to July according to RE/MAX’s National Housing Report (NHR) while year-over-year home prices continued to improve but declined slightly from June.

Closed transactions of home purchases fell 9.4 percent from June to July but were still 10.3 percent higher than in July of 2011, the 13th 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, up from 40 metro areas in June. Providence, RI (+38.1%), Albuquerque, NM (+29.6%), Chicago, IL (+29.5%), Boston, MA (+25.7%), Nashville, TN (+25.4%), and Milwaukee, WI (+25.1%) recorded the highest year-over-year gains in closed transactions in July.

The median sales price of the homes sold in July was 0.6 percent lower than in the previous month of June, falling from $170,067 to $169,000. The median sales price was still 3.7 percent higher than the median price in July of 2011. It was the sixth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-two of the 53 metro areas posted higher sales prices in July than they did a year earlier, down from 44 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.1%), Boise, ID (+22.1%), San Francisco, CA (+20.6%), Little Rock, AR (+14.5%), Detroit, MI (+14.1%), and Las Vegas, NV (+13.2%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.4 percent from June and 26.8 percent from July 2011. It was the 25th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the drop in home sales pushed the average month’s supply of inventory up for a second consecutive month, rising from a 5.0 months supply of homes in June to a 5.3 months supply in July but still down from a 7.2 months supply in July of last year.

Homes did sell faster in July, falling from an average of 84 days in June to 82 days in July.

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
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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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