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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.
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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 Phoenix Decline, Prices Up 23 Percent from a Year Ago
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 Phoenix Decline, Prices Up 23 Percent from a Year Ago
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 Phoenix Decline, Prices Up 23 Percent from a Year Ago

August 3, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell during June while home prices posted another round of double-digit gains for the fifth consecutive month according to the latest housing data released from DataQuick.

A total of 9,556 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in June. Sales were 3.4 percent lower than the 9,892 homes sold in May and 8.3 percent lower than the 10,425 homes sold in June of 2011.

Home sales in the region typically fall around nine percent between May and June and were 7.6 percent below the average number of homes typically sold in for the month.

New homes sales were 31.2 percent higher than in the same month last year, but were still 56.2 below the average for the month. Sales of existing homes were 0.6 percent higher than the June average.

Cash buyers accounted for 41.3 percent of all purchases in June, down from 42.5 percent in May but up from 40.7 percent a year earlier. The record for cash purchases was in February 2011, when 48 percent of the sales were for cash.

The price that cash buyers paid for their purchases fell to $120,000 in June, which was down from $123,500 in May but up from $89,000 in June of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 39.3 percent of all homes sold in June, down from 39.7 percent in May. The prices they paid for their purchases fell to $121,000 from $122,700 in May and were up from $100,000 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $152,000, up from $150,000 in May and up from $123,500 in June of last year. It was the seventh consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 42.4 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 28.4 percent since August 2011, when prices in the area reached their post-peak trough of $118,347, and are at their highest level since December of 2008.

Distressed property sales accounted for 34.9 percent of the re-sale market in June, with foreclosure sales accounting for 21.2 percent of all re-sales, down from 24.3 percent in May, and short sales accounting for 13.7 percent of all re-sales, up from 12.6 percent in May.

Foreclosure re-sales peaked in May 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure sales accounted for 49.6 percent of all sales in the Phoenix area.

Tags: existing home sales, Phoenix, 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

August 3, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell during June while home prices posted another round of double-digit gains for the fifth consecutive month according to the latest housing data released from DataQuick.

A total of 9,556 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in June. Sales were 3.4 percent lower than the 9,892 homes sold in May and 8.3 percent lower than the 10,425 homes sold in June of 2011.

Home sales in the region typically fall around nine percent between May and June and were 7.6 percent below the average number of homes typically sold in for the month.

New homes sales were 31.2 percent higher than in the same month last year, but were still 56.2 below the average for the month. Sales of existing homes were 0.6 percent higher than the June average.

Cash buyers accounted for 41.3 percent of all purchases in June, down from 42.5 percent in May but up from 40.7 percent a year earlier. The record for cash purchases was in February 2011, when 48 percent of the sales were for cash.

The price that cash buyers paid for their purchases fell to $120,000 in June, which was down from $123,500 in May but up from $89,000 in June of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 39.3 percent of all homes sold in June, down from 39.7 percent in May. The prices they paid for their purchases fell to $121,000 from $122,700 in May and were up from $100,000 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $152,000, up from $150,000 in May and up from $123,500 in June of last year. It was the seventh consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 42.4 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 28.4 percent since August 2011, when prices in the area reached their post-peak trough of $118,347, and are at their highest level since December of 2008.

Distressed property sales accounted for 34.9 percent of the re-sale market in June, with foreclosure sales accounting for 21.2 percent of all re-sales, down from 24.3 percent in May, and short sales accounting for 13.7 percent of all re-sales, up from 12.6 percent in May.

Foreclosure re-sales peaked in May 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure sales accounted for 49.6 percent of all sales in the Phoenix area.

Tags: existing home sales, Phoenix, 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

August 3, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell during June while home prices posted another round of double-digit gains for the fifth consecutive month according to the latest housing data released from DataQuick.

A total of 9,556 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in June. Sales were 3.4 percent lower than the 9,892 homes sold in May and 8.3 percent lower than the 10,425 homes sold in June of 2011.

Home sales in the region typically fall around nine percent between May and June and were 7.6 percent below the average number of homes typically sold in for the month.

New homes sales were 31.2 percent higher than in the same month last year, but were still 56.2 below the average for the month. Sales of existing homes were 0.6 percent higher than the June average.

Cash buyers accounted for 41.3 percent of all purchases in June, down from 42.5 percent in May but up from 40.7 percent a year earlier. The record for cash purchases was in February 2011, when 48 percent of the sales were for cash.

The price that cash buyers paid for their purchases fell to $120,000 in June, which was down from $123,500 in May but up from $89,000 in June of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 39.3 percent of all homes sold in June, down from 39.7 percent in May. The prices they paid for their purchases fell to $121,000 from $122,700 in May and were up from $100,000 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $152,000, up from $150,000 in May and up from $123,500 in June of last year. It was the seventh consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 42.4 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 28.4 percent since August 2011, when prices in the area reached their post-peak trough of $118,347, and are at their highest level since December of 2008.

Distressed property sales accounted for 34.9 percent of the re-sale market in June, with foreclosure sales accounting for 21.2 percent of all re-sales, down from 24.3 percent in May, and short sales accounting for 13.7 percent of all re-sales, up from 12.6 percent in May.

Foreclosure re-sales peaked in May 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure sales accounted for 49.6 percent of all sales in the Phoenix area.

Tags: existing home sales, Phoenix, 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