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Home Value Declines Accelerate in January
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Value Declines Accelerate in January
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 Value Declines Accelerate in January

March 9, 2011 (Jeff Alan)
mortgage-sinking-value-image
Home values declined at an accelerated pace in January according to Zillow’s Home Value Index for January. Monthly home values declined 1.2 percent in January with annual depreciation hitting 7.3% percent. The rate of monthly depreciation is the highest seen since December 2008. The median home value in January was $172,182, down 28.2 percent from the peak in June 2006.

Out of 131 metropolitan regions Zillow surveys, 124 of the regions experienced year-over-year price declines, four regions saw increases, and three areas were flat from year ago levels.

The regions experiencing the largest annual declines in home values included Ocala, Florida; Pueblo, Colorado; Mobile, Alabama; Flagstaff, Arizona; Atlanta, Georgia; Spokane, Washington; and Detroit, Michigan.

The survey also reports that foreclosure liquidations remained steady at 0.91 percent, down from the peak of 0.13 percent in October.

Zillow attributes the recent declines in foreclosure liquidations to delays and the lengthened processing times due to the “robo-signing” controversy and was not sure at this time if the new lower level might be a more permanent peak if mortgage servicers were to maintain a slower overall foreclosure process or if it was a transitory low point because of the moratoriums the banks imposed on themselves temporarily to correct paperwork processing problems and if so, once the problems are fixed, they expect the foreclosure liquidation rates to rise upward again.

At this time, Zillow expects home prices to stabilize and bottom out sometime later this year given the current economic forecasts. However, further price reductions may be seen if foreclosure rates continue to be elevated and are not offset by higher demand resulting from declining unemployment and a higher post-recession household formation rate.

To see how your metropolitan area fared, click here.

Tags: Zillow, home value index, home depreciation, declining home values, foreclosure liquidations, economic forecasts, unemployment

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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.
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March 9, 2011 (Jeff Alan)
mortgage-sinking-value-image
Home values declined at an accelerated pace in January according to Zillow’s Home Value Index for January. Monthly home values declined 1.2 percent in January with annual depreciation hitting 7.3% percent. The rate of monthly depreciation is the highest seen since December 2008. The median home value in January was $172,182, down 28.2 percent from the peak in June 2006.

Out of 131 metropolitan regions Zillow surveys, 124 of the regions experienced year-over-year price declines, four regions saw increases, and three areas were flat from year ago levels.

The regions experiencing the largest annual declines in home values included Ocala, Florida; Pueblo, Colorado; Mobile, Alabama; Flagstaff, Arizona; Atlanta, Georgia; Spokane, Washington; and Detroit, Michigan.

The survey also reports that foreclosure liquidations remained steady at 0.91 percent, down from the peak of 0.13 percent in October.

Zillow attributes the recent declines in foreclosure liquidations to delays and the lengthened processing times due to the “robo-signing” controversy and was not sure at this time if the new lower level might be a more permanent peak if mortgage servicers were to maintain a slower overall foreclosure process or if it was a transitory low point because of the moratoriums the banks imposed on themselves temporarily to correct paperwork processing problems and if so, once the problems are fixed, they expect the foreclosure liquidation rates to rise upward again.

At this time, Zillow expects home prices to stabilize and bottom out sometime later this year given the current economic forecasts. However, further price reductions may be seen if foreclosure rates continue to be elevated and are not offset by higher demand resulting from declining unemployment and a higher post-recession household formation rate.

To see how your metropolitan area fared, click here.

Tags: Zillow, home value index, home depreciation, declining home values, foreclosure liquidations, economic forecasts, unemployment

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

March 9, 2011 (Jeff Alan)
mortgage-sinking-value-image
Home values declined at an accelerated pace in January according to Zillow’s Home Value Index for January. Monthly home values declined 1.2 percent in January with annual depreciation hitting 7.3% percent. The rate of monthly depreciation is the highest seen since December 2008. The median home value in January was $172,182, down 28.2 percent from the peak in June 2006.

Out of 131 metropolitan regions Zillow surveys, 124 of the regions experienced year-over-year price declines, four regions saw increases, and three areas were flat from year ago levels.

The regions experiencing the largest annual declines in home values included Ocala, Florida; Pueblo, Colorado; Mobile, Alabama; Flagstaff, Arizona; Atlanta, Georgia; Spokane, Washington; and Detroit, Michigan.

The survey also reports that foreclosure liquidations remained steady at 0.91 percent, down from the peak of 0.13 percent in October.

Zillow attributes the recent declines in foreclosure liquidations to delays and the lengthened processing times due to the “robo-signing” controversy and was not sure at this time if the new lower level might be a more permanent peak if mortgage servicers were to maintain a slower overall foreclosure process or if it was a transitory low point because of the moratoriums the banks imposed on themselves temporarily to correct paperwork processing problems and if so, once the problems are fixed, they expect the foreclosure liquidation rates to rise upward again.

At this time, Zillow expects home prices to stabilize and bottom out sometime later this year given the current economic forecasts. However, further price reductions may be seen if foreclosure rates continue to be elevated and are not offset by higher demand resulting from declining unemployment and a higher post-recession household formation rate.

To see how your metropolitan area fared, click here.

Tags: Zillow, home value index, home depreciation, declining home values, foreclosure liquidations, economic forecasts, unemployment

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