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Housing Inventory Continues to Drop, Prices Holding Firm
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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
Housing Inventory Continues to Drop, Prices Holding Firm
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
Housing Inventory Continues to Drop, Prices Holding Firm

November 21, 2011 (Chris Moore)

The inventory of available homes for sale in the United States continued to dwindle in October, falling for the fifth consecutive month, according to the latest data housing of 146 metro areas released by Realtor.com

Total listings of existing homes declined 3.48 percent from September with a total of 2,116,794 single-family homes, condos, townhomes, and co-ops listed for sale in October compared to 2,193,170 in September. The number of homes listed for sale in October was 20.77 percent lower than a year ago.

The median list price for an existing home in October was $189,900, down 0.05 percent from the median list price of $190,000 posted in September. The median list price has remained virtually unchanged since June and is 2.65 percent higher than in October 2010.

The area with the largest year-over-year decline in the median list price, for the fourth consecutive month, was Chicago where the median list price was 12.6 percent lower than in October of 2010. Detroit had the second largest decline of 10.9 percent, followed by Las Vegas with a decline of 10.4 percent, Atlanta with a decline of 8.6 percent, and the Los Angeles-Long Beach area, which posted an annual decline of 7.0 percent.

The area with the largest year-over-year increase in the median list price, for the fifth consecutive month, was the Fort Myers-Cape Coral, FL, area where the median list price was 32.81 percent higher than in October of last year. Miami continued to run a close second with an annual median list price increase of 25.06 percent, followed by Naples, FL, with an increase of 23.91 percent, Sarasota-Bradenton, FL, with a 17.5% percent increase, and Punta Gorda, FL, with a 16.62 percent annual median list price increase.

Of the top 20 markets that posted an annual increase in median list price, metro areas in Florida captured ten of those top spots.

The average number of days that an existing home spent on the market climbed to 110 in October compared to 107 days in September, which was just slightly less than October of last year. Eighty-four out of the 146 metropolitan areas required 100 days or more to sell a home, up from 77 in September.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 185 days on the market, up from 177 days the previous month. Residents in Oakland had the shortest wait, averaging 49 days on the market.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

November 21, 2011 (Chris Moore)

The inventory of available homes for sale in the United States continued to dwindle in October, falling for the fifth consecutive month, according to the latest data housing of 146 metro areas released by Realtor.com

Total listings of existing homes declined 3.48 percent from September with a total of 2,116,794 single-family homes, condos, townhomes, and co-ops listed for sale in October compared to 2,193,170 in September. The number of homes listed for sale in October was 20.77 percent lower than a year ago.

The median list price for an existing home in October was $189,900, down 0.05 percent from the median list price of $190,000 posted in September. The median list price has remained virtually unchanged since June and is 2.65 percent higher than in October 2010.

The area with the largest year-over-year decline in the median list price, for the fourth consecutive month, was Chicago where the median list price was 12.6 percent lower than in October of 2010. Detroit had the second largest decline of 10.9 percent, followed by Las Vegas with a decline of 10.4 percent, Atlanta with a decline of 8.6 percent, and the Los Angeles-Long Beach area, which posted an annual decline of 7.0 percent.

The area with the largest year-over-year increase in the median list price, for the fifth consecutive month, was the Fort Myers-Cape Coral, FL, area where the median list price was 32.81 percent higher than in October of last year. Miami continued to run a close second with an annual median list price increase of 25.06 percent, followed by Naples, FL, with an increase of 23.91 percent, Sarasota-Bradenton, FL, with a 17.5% percent increase, and Punta Gorda, FL, with a 16.62 percent annual median list price increase.

Of the top 20 markets that posted an annual increase in median list price, metro areas in Florida captured ten of those top spots.

The average number of days that an existing home spent on the market climbed to 110 in October compared to 107 days in September, which was just slightly less than October of last year. Eighty-four out of the 146 metropolitan areas required 100 days or more to sell a home, up from 77 in September.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 185 days on the market, up from 177 days the previous month. Residents in Oakland had the shortest wait, averaging 49 days on the market.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

November 21, 2011 (Chris Moore)

The inventory of available homes for sale in the United States continued to dwindle in October, falling for the fifth consecutive month, according to the latest data housing of 146 metro areas released by Realtor.com

Total listings of existing homes declined 3.48 percent from September with a total of 2,116,794 single-family homes, condos, townhomes, and co-ops listed for sale in October compared to 2,193,170 in September. The number of homes listed for sale in October was 20.77 percent lower than a year ago.

The median list price for an existing home in October was $189,900, down 0.05 percent from the median list price of $190,000 posted in September. The median list price has remained virtually unchanged since June and is 2.65 percent higher than in October 2010.

The area with the largest year-over-year decline in the median list price, for the fourth consecutive month, was Chicago where the median list price was 12.6 percent lower than in October of 2010. Detroit had the second largest decline of 10.9 percent, followed by Las Vegas with a decline of 10.4 percent, Atlanta with a decline of 8.6 percent, and the Los Angeles-Long Beach area, which posted an annual decline of 7.0 percent.

The area with the largest year-over-year increase in the median list price, for the fifth consecutive month, was the Fort Myers-Cape Coral, FL, area where the median list price was 32.81 percent higher than in October of last year. Miami continued to run a close second with an annual median list price increase of 25.06 percent, followed by Naples, FL, with an increase of 23.91 percent, Sarasota-Bradenton, FL, with a 17.5% percent increase, and Punta Gorda, FL, with a 16.62 percent annual median list price increase.

Of the top 20 markets that posted an annual increase in median list price, metro areas in Florida captured ten of those top spots.

The average number of days that an existing home spent on the market climbed to 110 in October compared to 107 days in September, which was just slightly less than October of last year. Eighty-four out of the 146 metropolitan areas required 100 days or more to sell a home, up from 77 in September.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 185 days on the market, up from 177 days the previous month. Residents in Oakland had the shortest wait, averaging 49 days on the market.

Tags: housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

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