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Home Sales in Phoenix Rebound in August
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 Rebound in August
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 Rebound in August

October 4, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area returned to the plus column in August after two months of declines according to the latest housing data released from DataQuick while low housing inventory continued to boost home prices.

A total of 9,179 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in August. Sales were 2.6 percent higher than the 8,949 homes sold in July but were 4.3 percent lower than the 9,594 homes sold in August of 2011.

Home sales in the region typically show little change between July and August and were 8.4 percent below the average number of homes typically sold for the month.

Cash buyers accounted for 40.2 percent of all purchases in August, down from 42.6 percent in July and down from 42.2 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 $119,000 in August, which was up from $117,000 in July.

Absentee buyers, usually investors and vacation home buyers, accounted for 39.7 percent of all homes sold in August, down from 41.7 percent in July. The prices they paid for their purchases increased to $119,000 from $118,000 in July.

The overall median price paid for new and resale homes and condos in August was $154,119, up from $150,000 in July and up from $118,347 in August of last year. It was the ninth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 41.6 percent below the peak median price of $264,100 in August 2006, however, prices have improved by 30.2 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.

Foreclosure sales accounted for 19.3 percent of all re-sales, down from 19.5 percent in July. Foreclosure re-sales peaked in July 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure sales accounted for 47.6 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

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

October 4, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area returned to the plus column in August after two months of declines according to the latest housing data released from DataQuick while low housing inventory continued to boost home prices.

A total of 9,179 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in August. Sales were 2.6 percent higher than the 8,949 homes sold in July but were 4.3 percent lower than the 9,594 homes sold in August of 2011.

Home sales in the region typically show little change between July and August and were 8.4 percent below the average number of homes typically sold for the month.

Cash buyers accounted for 40.2 percent of all purchases in August, down from 42.6 percent in July and down from 42.2 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 $119,000 in August, which was up from $117,000 in July.

Absentee buyers, usually investors and vacation home buyers, accounted for 39.7 percent of all homes sold in August, down from 41.7 percent in July. The prices they paid for their purchases increased to $119,000 from $118,000 in July.

The overall median price paid for new and resale homes and condos in August was $154,119, up from $150,000 in July and up from $118,347 in August of last year. It was the ninth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 41.6 percent below the peak median price of $264,100 in August 2006, however, prices have improved by 30.2 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.

Foreclosure sales accounted for 19.3 percent of all re-sales, down from 19.5 percent in July. Foreclosure re-sales peaked in July 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure sales accounted for 47.6 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

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

October 4, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area returned to the plus column in August after two months of declines according to the latest housing data released from DataQuick while low housing inventory continued to boost home prices.

A total of 9,179 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in August. Sales were 2.6 percent higher than the 8,949 homes sold in July but were 4.3 percent lower than the 9,594 homes sold in August of 2011.

Home sales in the region typically show little change between July and August and were 8.4 percent below the average number of homes typically sold for the month.

Cash buyers accounted for 40.2 percent of all purchases in August, down from 42.6 percent in July and down from 42.2 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 $119,000 in August, which was up from $117,000 in July.

Absentee buyers, usually investors and vacation home buyers, accounted for 39.7 percent of all homes sold in August, down from 41.7 percent in July. The prices they paid for their purchases increased to $119,000 from $118,000 in July.

The overall median price paid for new and resale homes and condos in August was $154,119, up from $150,000 in July and up from $118,347 in August of last year. It was the ninth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 41.6 percent below the peak median price of $264,100 in August 2006, however, prices have improved by 30.2 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.

Foreclosure sales accounted for 19.3 percent of all re-sales, down from 19.5 percent in July. Foreclosure re-sales peaked in July 2009 at 66.2 percent of all re-sales. Last year at this time, foreclosure sales accounted for 47.6 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

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
WE'VE GOT ANSWERS
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

LoanRateUpdate

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