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Home Sales Slump in January but Still Higher than Last Year
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
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Home Sales Slump in January but Still Higher than Last Year
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 Slump in January but Still Higher than Last Year

Monthly sales of existing homes fell for the third consecutive month in January according to RE/MAX’s monthly National Housing Report (NHR) but were still over nine percent higher than the previous year.

January followed December’s 4.9 percent monthly decline in closed transactions with a 22.0 percent decline but transactions for the month were still 9.1 percent higher than in January of 2012, marking the 19th consecutive month that home sales have increased year-over-year.

Forty-one out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 34 in December. Billings, MT (+62.0%), Albuquerque, NM (+45.6%), Chicago, IL (+39.2%), Raleigh, NC (+33.4%) and Charlotte, NC (+29.2%), recorded the highest year-over-year gains in closed transactions in January.

Housing supplies continued to remain constrained with the average monthly inventory of homes for sale declining by 5.1 percent from December and 28.9 percent from January 2012. It was the 31st consecutive month that the supply of homes for sale has declined.

The average month’s supply of homes for sale fell from a revised 5.7 months supply of homes in December to a 5.0 months supply in January and was down from a 7.3 months supply in January of last year.

The median sales price of the homes sold in January was 6.6 percent lower than in the previous month of December, falling from $166,250to $150,000. The median sales price was still 8.0 percent higher than the median price of $143,480 in January of 2012. It was the 12th consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in January than they did a year earlier, down from 48 the previous month. The areas that posted the largest price gains during the month were San Francisco, CA (+39.2%), Atlanta, GA (+38.9%), Detroit, MI (+31.1%), Phoenix, AZ (+29.1%) and Boise, ID (+28.7%).

The average number of days it took for a home to sell increased slightly but still remained low at 87 days in January, up from 84 days in December, but still lower than the 103 days it took a year ago.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

Reported by Jeff Alan

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.
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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.
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Monthly sales of existing homes fell for the third consecutive month in January according to RE/MAX’s monthly National Housing Report (NHR) but were still over nine percent higher than the previous year.

January followed December’s 4.9 percent monthly decline in closed transactions with a 22.0 percent decline but transactions for the month were still 9.1 percent higher than in January of 2012, marking the 19th consecutive month that home sales have increased year-over-year.

Forty-one out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 34 in December. Billings, MT (+62.0%), Albuquerque, NM (+45.6%), Chicago, IL (+39.2%), Raleigh, NC (+33.4%) and Charlotte, NC (+29.2%), recorded the highest year-over-year gains in closed transactions in January.

Housing supplies continued to remain constrained with the average monthly inventory of homes for sale declining by 5.1 percent from December and 28.9 percent from January 2012. It was the 31st consecutive month that the supply of homes for sale has declined.

The average month’s supply of homes for sale fell from a revised 5.7 months supply of homes in December to a 5.0 months supply in January and was down from a 7.3 months supply in January of last year.

The median sales price of the homes sold in January was 6.6 percent lower than in the previous month of December, falling from $166,250to $150,000. The median sales price was still 8.0 percent higher than the median price of $143,480 in January of 2012. It was the 12th consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in January than they did a year earlier, down from 48 the previous month. The areas that posted the largest price gains during the month were San Francisco, CA (+39.2%), Atlanta, GA (+38.9%), Detroit, MI (+31.1%), Phoenix, AZ (+29.1%) and Boise, ID (+28.7%).

The average number of days it took for a home to sell increased slightly but still remained low at 87 days in January, up from 84 days in December, but still lower than the 103 days it took a year ago.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

Reported by Jeff Alan

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

Monthly sales of existing homes fell for the third consecutive month in January according to RE/MAX’s monthly National Housing Report (NHR) but were still over nine percent higher than the previous year.

January followed December’s 4.9 percent monthly decline in closed transactions with a 22.0 percent decline but transactions for the month were still 9.1 percent higher than in January of 2012, marking the 19th consecutive month that home sales have increased year-over-year.

Forty-one out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 34 in December. Billings, MT (+62.0%), Albuquerque, NM (+45.6%), Chicago, IL (+39.2%), Raleigh, NC (+33.4%) and Charlotte, NC (+29.2%), recorded the highest year-over-year gains in closed transactions in January.

Housing supplies continued to remain constrained with the average monthly inventory of homes for sale declining by 5.1 percent from December and 28.9 percent from January 2012. It was the 31st consecutive month that the supply of homes for sale has declined.

The average month’s supply of homes for sale fell from a revised 5.7 months supply of homes in December to a 5.0 months supply in January and was down from a 7.3 months supply in January of last year.

The median sales price of the homes sold in January was 6.6 percent lower than in the previous month of December, falling from $166,250to $150,000. The median sales price was still 8.0 percent higher than the median price of $143,480 in January of 2012. It was the 12th consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in January than they did a year earlier, down from 48 the previous month. The areas that posted the largest price gains during the month were San Francisco, CA (+39.2%), Atlanta, GA (+38.9%), Detroit, MI (+31.1%), Phoenix, AZ (+29.1%) and Boise, ID (+28.7%).

The average number of days it took for a home to sell increased slightly but still remained low at 87 days in January, up from 84 days in December, but still lower than the 103 days it took a year ago.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

Reported by Jeff Alan

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