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Home Values Up in August but Downward Trend Still Expected
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 Values Up in August but Downward Trend Still Expected
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 Values Up in August but Downward Trend Still Expected

October 12, 2011 (Chris Moore)

Home values surprisingly inched upwards in August according to Zillow, despite all indicators to the contrary in July. However, the surprise price increase doesn’t change their assessment that home values won’t hit bottom until 2012.

In last month’s report, Zillow expected home values in August to decline due to disappointing July existing home sales and pending home sales reports along with several reports of weaker consumer confidence in August.

In September, The National Association of Realtors® (NAR) reported that existing home sales jumped up a surprising 7.7 percent. Although not mentioned, it’s very likely the jump in sales was due to home buyers trying to beat the new lower loan limits that were being implemented on October 1, but which many lenders had already started imposing by the middle of August.

Consequently, home value trends didn’t weaken as much as Zillow had anticipated a month earlier. Home values increased a very modest 0.09 percent from July to August while values were still down 4.5 percent from August 2010.

Home prices have declined 28.3 percent since the market peak in June 2006.

Seventy-four of the 157 metropolitan areas covered in the Zillow Real Estate Market Report posted a monthly decline in home values in August, 68 areas posted home value increases, and 15 areas remained flat.

Mobile, AL, suffered the biggest monthly price decline in home value of 2.65 percent while the largest increase in monthly home value was 2.19 percent posted in Ann Arbor, MI.

Year-over-year, the largest increase in home value was 6.5 percent in Fort Myers, Fl, while the largest decline was 22.6 percent in Gainesville, GA.

The rate of foreclosure liquidations remained about the same in August as the previous month, 9.2 out of every 10,000 homes, and is still well below the rate of 10.9 out every 10,000 homes in October of 2010, just before the robo-signing controversy resulted in a slow down in foreclosure processings.

Foreclosure re-sales increased in August, from 18.9 percent of all sales in July to 19.5 percent in August.

Despite the surprise increase in home values in August, Zillow’s assessment of future home values remains unchanged; home values aren’t expected to bottom until 2012 at the earliest.

Negative equity and unemployment will continue to be the two biggest factors affecting home values and eventually the pace of foreclosures will pick up again, putting more REO properties on the market and more downward pressure on home prices.

Tags: zillow, Real Estate Market Report, home values, home prices, consumer confidence, existing home sales, pending home sales

Source:
Zillow

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

October 12, 2011 (Chris Moore)

Home values surprisingly inched upwards in August according to Zillow, despite all indicators to the contrary in July. However, the surprise price increase doesn’t change their assessment that home values won’t hit bottom until 2012.

In last month’s report, Zillow expected home values in August to decline due to disappointing July existing home sales and pending home sales reports along with several reports of weaker consumer confidence in August.

In September, The National Association of Realtors® (NAR) reported that existing home sales jumped up a surprising 7.7 percent. Although not mentioned, it’s very likely the jump in sales was due to home buyers trying to beat the new lower loan limits that were being implemented on October 1, but which many lenders had already started imposing by the middle of August.

Consequently, home value trends didn’t weaken as much as Zillow had anticipated a month earlier. Home values increased a very modest 0.09 percent from July to August while values were still down 4.5 percent from August 2010.

Home prices have declined 28.3 percent since the market peak in June 2006.

Seventy-four of the 157 metropolitan areas covered in the Zillow Real Estate Market Report posted a monthly decline in home values in August, 68 areas posted home value increases, and 15 areas remained flat.

Mobile, AL, suffered the biggest monthly price decline in home value of 2.65 percent while the largest increase in monthly home value was 2.19 percent posted in Ann Arbor, MI.

Year-over-year, the largest increase in home value was 6.5 percent in Fort Myers, Fl, while the largest decline was 22.6 percent in Gainesville, GA.

The rate of foreclosure liquidations remained about the same in August as the previous month, 9.2 out of every 10,000 homes, and is still well below the rate of 10.9 out every 10,000 homes in October of 2010, just before the robo-signing controversy resulted in a slow down in foreclosure processings.

Foreclosure re-sales increased in August, from 18.9 percent of all sales in July to 19.5 percent in August.

Despite the surprise increase in home values in August, Zillow’s assessment of future home values remains unchanged; home values aren’t expected to bottom until 2012 at the earliest.

Negative equity and unemployment will continue to be the two biggest factors affecting home values and eventually the pace of foreclosures will pick up again, putting more REO properties on the market and more downward pressure on home prices.

Tags: zillow, Real Estate Market Report, home values, home prices, consumer confidence, existing home sales, pending home sales

Source:
Zillow

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

October 12, 2011 (Chris Moore)

Home values surprisingly inched upwards in August according to Zillow, despite all indicators to the contrary in July. However, the surprise price increase doesn’t change their assessment that home values won’t hit bottom until 2012.

In last month’s report, Zillow expected home values in August to decline due to disappointing July existing home sales and pending home sales reports along with several reports of weaker consumer confidence in August.

In September, The National Association of Realtors® (NAR) reported that existing home sales jumped up a surprising 7.7 percent. Although not mentioned, it’s very likely the jump in sales was due to home buyers trying to beat the new lower loan limits that were being implemented on October 1, but which many lenders had already started imposing by the middle of August.

Consequently, home value trends didn’t weaken as much as Zillow had anticipated a month earlier. Home values increased a very modest 0.09 percent from July to August while values were still down 4.5 percent from August 2010.

Home prices have declined 28.3 percent since the market peak in June 2006.

Seventy-four of the 157 metropolitan areas covered in the Zillow Real Estate Market Report posted a monthly decline in home values in August, 68 areas posted home value increases, and 15 areas remained flat.

Mobile, AL, suffered the biggest monthly price decline in home value of 2.65 percent while the largest increase in monthly home value was 2.19 percent posted in Ann Arbor, MI.

Year-over-year, the largest increase in home value was 6.5 percent in Fort Myers, Fl, while the largest decline was 22.6 percent in Gainesville, GA.

The rate of foreclosure liquidations remained about the same in August as the previous month, 9.2 out of every 10,000 homes, and is still well below the rate of 10.9 out every 10,000 homes in October of 2010, just before the robo-signing controversy resulted in a slow down in foreclosure processings.

Foreclosure re-sales increased in August, from 18.9 percent of all sales in July to 19.5 percent in August.

Despite the surprise increase in home values in August, Zillow’s assessment of future home values remains unchanged; home values aren’t expected to bottom until 2012 at the earliest.

Negative equity and unemployment will continue to be the two biggest factors affecting home values and eventually the pace of foreclosures will pick up again, putting more REO properties on the market and more downward pressure on home prices.

Tags: zillow, Real Estate Market Report, home values, home prices, consumer confidence, existing home sales, pending home sales

Source:
Zillow

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