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Home Sales in Phoenix Dip 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 Phoenix Dip 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 Phoenix Dip in September

November 13, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell for the third time in the last four months according to the latest housing data released from DataQuick while home prices hit their highest level in almost four years..

A total of 7,840 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in September. Sales were 14.6 percent lower than the 9,179 homes sold in August and were 9.5 percent lower than the 8,661 homes sold in September of 2011.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 1.2 percent lower than last month.

Home sales in the region typically decline about seven percent between August and September and were 15.6 percent below the average number of homes typically sold for the month.

Cash buyers accounted for 39.6 percent of all purchases in September, down from 40.2 percent in August but up from 39.0 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 increased to $120,000 in September, which was up from $119,000 in August.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.6 percent of all homes sold in September, down from 39.7 percent in August. The prices they paid for their purchases increased to $120,000 from $119,000 in August.

The overall median price paid for new and resale homes and condos in September was $155,000, up from $154,119 in August and up from $124,900 in September of last year. It was the tenth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 41.3 percent below the peak median price of $264,100 in September 2006, however, prices have improved by 31.0 percent since September 2011, when prices in the area reached their post-peak trough of $118,347, and are at their highest level since November of 2008.

Foreclosure sales accounted for 19.0 percent of all re-sales, down from 19.3 percent in August. Foreclosure re-sales peaked in August 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure re-sales accounted for 44.4 percent of all sales in the Phoenix area.

Tags: Phoenix real estate, existing home sales, 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 13, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell for the third time in the last four months according to the latest housing data released from DataQuick while home prices hit their highest level in almost four years..

A total of 7,840 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in September. Sales were 14.6 percent lower than the 9,179 homes sold in August and were 9.5 percent lower than the 8,661 homes sold in September of 2011.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 1.2 percent lower than last month.

Home sales in the region typically decline about seven percent between August and September and were 15.6 percent below the average number of homes typically sold for the month.

Cash buyers accounted for 39.6 percent of all purchases in September, down from 40.2 percent in August but up from 39.0 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 increased to $120,000 in September, which was up from $119,000 in August.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.6 percent of all homes sold in September, down from 39.7 percent in August. The prices they paid for their purchases increased to $120,000 from $119,000 in August.

The overall median price paid for new and resale homes and condos in September was $155,000, up from $154,119 in August and up from $124,900 in September of last year. It was the tenth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 41.3 percent below the peak median price of $264,100 in September 2006, however, prices have improved by 31.0 percent since September 2011, when prices in the area reached their post-peak trough of $118,347, and are at their highest level since November of 2008.

Foreclosure sales accounted for 19.0 percent of all re-sales, down from 19.3 percent in August. Foreclosure re-sales peaked in August 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure re-sales accounted for 44.4 percent of all sales in the Phoenix area.

Tags: Phoenix real estate, existing home sales, 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 13, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell for the third time in the last four months according to the latest housing data released from DataQuick while home prices hit their highest level in almost four years..

A total of 7,840 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in September. Sales were 14.6 percent lower than the 9,179 homes sold in August and were 9.5 percent lower than the 8,661 homes sold in September of 2011.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 1.2 percent lower than last month.

Home sales in the region typically decline about seven percent between August and September and were 15.6 percent below the average number of homes typically sold for the month.

Cash buyers accounted for 39.6 percent of all purchases in September, down from 40.2 percent in August but up from 39.0 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 increased to $120,000 in September, which was up from $119,000 in August.

Absentee buyers, usually investors and vacation home buyers, accounted for 38.6 percent of all homes sold in September, down from 39.7 percent in August. The prices they paid for their purchases increased to $120,000 from $119,000 in August.

The overall median price paid for new and resale homes and condos in September was $155,000, up from $154,119 in August and up from $124,900 in September of last year. It was the tenth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 41.3 percent below the peak median price of $264,100 in September 2006, however, prices have improved by 31.0 percent since September 2011, when prices in the area reached their post-peak trough of $118,347, and are at their highest level since November of 2008.

Foreclosure sales accounted for 19.0 percent of all re-sales, down from 19.3 percent in August. Foreclosure re-sales peaked in August 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure re-sales accounted for 44.4 percent of all sales in the Phoenix area.

Tags: Phoenix real estate, existing home sales, 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