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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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Home Sales in Miami at Five-Year High in September
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 in Miami at Five-Year High in September
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 in Miami at Five-Year High in September

November 3, 2011 (Shirley Allen)

Monthly home sales declined as expected from August to September but were still at a five year high, outperforming last year’s sales pace by 15 percent according to the latest data released from DataQuick.

A total of 8,546 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in September, down from 9,638 sold in August. Sales were 11.3 percent lower than August but 15.1 percent higher than in September of 2010.

Home sales in the region typically decline 9.5 percent between August and September and were 19.5 percent lower than Miami’s average September sales rate of 10,621.

Like much of the nation, new home sales in Miami continued to remain near all-time lows. Although new home sales were 25.0 percent higher than in September of last year, they were still the second lowest on record for that month.

Take out the effect that new home sales had on this month’s data and you would find that existing home sales were only 9.0 percent below the average for September.

Cash buyers were responsible for 62.0 percent of the purchases in September, which was down from 62.4 percent in August, but up from 61.2 percent a year ago. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.1 percent of all homes sold in September paying a median average price of $90,000, which was unchanged from August but up from $87,500 in September of 2010. In August, absentee buyers also accounted for 38.1 percent of all purchases.

The overall median price paid for new and resale homes and condos in September was $130,000, which was down 1.5 percent from both August and September of last year. The median home price is 55.2 percent below the peak median price of $290,000 in June 2007. It was also the 48th consecutive month that prices in the area have declined year-over-year, but it was also the smallest decline during that time.

Miami’s multi-million dollar luxury market also continued to cool off in September. Sales of houses and condos for $2 million or more were down 10.9 percent from August but up 1.8 percent from September of last year.

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

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.
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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 3, 2011 (Shirley Allen)

Monthly home sales declined as expected from August to September but were still at a five year high, outperforming last year’s sales pace by 15 percent according to the latest data released from DataQuick.

A total of 8,546 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in September, down from 9,638 sold in August. Sales were 11.3 percent lower than August but 15.1 percent higher than in September of 2010.

Home sales in the region typically decline 9.5 percent between August and September and were 19.5 percent lower than Miami’s average September sales rate of 10,621.

Like much of the nation, new home sales in Miami continued to remain near all-time lows. Although new home sales were 25.0 percent higher than in September of last year, they were still the second lowest on record for that month.

Take out the effect that new home sales had on this month’s data and you would find that existing home sales were only 9.0 percent below the average for September.

Cash buyers were responsible for 62.0 percent of the purchases in September, which was down from 62.4 percent in August, but up from 61.2 percent a year ago. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.1 percent of all homes sold in September paying a median average price of $90,000, which was unchanged from August but up from $87,500 in September of 2010. In August, absentee buyers also accounted for 38.1 percent of all purchases.

The overall median price paid for new and resale homes and condos in September was $130,000, which was down 1.5 percent from both August and September of last year. The median home price is 55.2 percent below the peak median price of $290,000 in June 2007. It was also the 48th consecutive month that prices in the area have declined year-over-year, but it was also the smallest decline during that time.

Miami’s multi-million dollar luxury market also continued to cool off in September. Sales of houses and condos for $2 million or more were down 10.9 percent from August but up 1.8 percent from September of last year.

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

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 3, 2011 (Shirley Allen)

Monthly home sales declined as expected from August to September but were still at a five year high, outperforming last year’s sales pace by 15 percent according to the latest data released from DataQuick.

A total of 8,546 new and resale houses and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in September, down from 9,638 sold in August. Sales were 11.3 percent lower than August but 15.1 percent higher than in September of 2010.

Home sales in the region typically decline 9.5 percent between August and September and were 19.5 percent lower than Miami’s average September sales rate of 10,621.

Like much of the nation, new home sales in Miami continued to remain near all-time lows. Although new home sales were 25.0 percent higher than in September of last year, they were still the second lowest on record for that month.

Take out the effect that new home sales had on this month’s data and you would find that existing home sales were only 9.0 percent below the average for September.

Cash buyers were responsible for 62.0 percent of the purchases in September, which was down from 62.4 percent in August, but up from 61.2 percent a year ago. The record for cash purchases was in March 2011, when 68.6 percent of the sales were for cash. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.1 percent of all homes sold in September paying a median average price of $90,000, which was unchanged from August but up from $87,500 in September of 2010. In August, absentee buyers also accounted for 38.1 percent of all purchases.

The overall median price paid for new and resale homes and condos in September was $130,000, which was down 1.5 percent from both August and September of last year. The median home price is 55.2 percent below the peak median price of $290,000 in June 2007. It was also the 48th consecutive month that prices in the area have declined year-over-year, but it was also the smallest decline during that time.

Miami’s multi-million dollar luxury market also continued to cool off in September. Sales of houses and condos for $2 million or more were down 10.9 percent from August but up 1.8 percent from September of last year.

Tags: DataQuick, existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

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