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Housing Inventory Grows for a Third Month, Sellers Asking More
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
Housing Inventory Grows for a Third Month, Sellers Asking More
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 Grows for a Third Month, Sellers Asking More

June 20, 2012 (Chris Moore)

The inventory of available homes for sale in the United States grew for the third consecutive month as the traditional spring/summer selling season brought more sellers into the market, and higher listing prices, according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale increased 1.96 percent from April with a total of 1,876,924 single-family homes, condos, townhomes, and co-ops were listed for sale in May compared to 1,840,803 in April. The total number of homes listed for sale was still 20.07 percent lower than a year ago.

The median list price for an existing home in May was $194,900, up 1.92 percent from $191,211 in April, and 3.17 percent higher than in May 2011.

The Phoenix-Mesa, AZ, area continued to show the greatest improvement in year-over-year prices for the third consecutive month in May. Home prices in the area are up 32.63 percent over May of last year. The Santa Barbara-Santa Maria-Lompoc area in California had the second highest year-over-year gain of 30.06 percent.

Chattanooga, TN-GA, posted an increase of 24.06 percent over last year, followed by Boise City, ID, with a 20.71 percent annual increase, with Miami, FL, rounding out the top five with a gain of 15.54 percent over last year.

The Reading, PA, area posted the largest year-over-year decline in median list prices, falling 5.40 percent from a year ago followed by the Allentown-Bethlehem- Easton, PA, which saw list prices in their area fall 5.26 percent.

Rounding out the bottom five was the Milwaukee-Waukesha, WI, area with an 5.21 percent decline, followed by the Stockton-Lodi, CA, area and Tyler, TX, where annual list prices declined by 4.19 and 3.84 percent, respectively.

None of the 146 metropolitan areas in the survey registered double digit declines in year-over-year listing prices, down from only three the previous month. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 117 of the areas saw an increase in list prices.

The average number of days that an existing home spent on the market fell to 83 in May from 84 in April and was down from 92 days in May of last year. Twenty-two out of the 146 metropolitan areas required 100 days or more to sell a home, down from 23 in April.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 143 days on the market, down from 161 days the previous month. Residents in Oakland had the shortest wait for the eighth consecutive month, averaging 23 days on the market, up from 20 days the previous month.

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.
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BUYING OR SELLING A HOME IS A BIG DECISION
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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

June 20, 2012 (Chris Moore)

The inventory of available homes for sale in the United States grew for the third consecutive month as the traditional spring/summer selling season brought more sellers into the market, and higher listing prices, according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale increased 1.96 percent from April with a total of 1,876,924 single-family homes, condos, townhomes, and co-ops were listed for sale in May compared to 1,840,803 in April. The total number of homes listed for sale was still 20.07 percent lower than a year ago.

The median list price for an existing home in May was $194,900, up 1.92 percent from $191,211 in April, and 3.17 percent higher than in May 2011.

The Phoenix-Mesa, AZ, area continued to show the greatest improvement in year-over-year prices for the third consecutive month in May. Home prices in the area are up 32.63 percent over May of last year. The Santa Barbara-Santa Maria-Lompoc area in California had the second highest year-over-year gain of 30.06 percent.

Chattanooga, TN-GA, posted an increase of 24.06 percent over last year, followed by Boise City, ID, with a 20.71 percent annual increase, with Miami, FL, rounding out the top five with a gain of 15.54 percent over last year.

The Reading, PA, area posted the largest year-over-year decline in median list prices, falling 5.40 percent from a year ago followed by the Allentown-Bethlehem- Easton, PA, which saw list prices in their area fall 5.26 percent.

Rounding out the bottom five was the Milwaukee-Waukesha, WI, area with an 5.21 percent decline, followed by the Stockton-Lodi, CA, area and Tyler, TX, where annual list prices declined by 4.19 and 3.84 percent, respectively.

None of the 146 metropolitan areas in the survey registered double digit declines in year-over-year listing prices, down from only three the previous month. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 117 of the areas saw an increase in list prices.

The average number of days that an existing home spent on the market fell to 83 in May from 84 in April and was down from 92 days in May of last year. Twenty-two out of the 146 metropolitan areas required 100 days or more to sell a home, down from 23 in April.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 143 days on the market, down from 161 days the previous month. Residents in Oakland had the shortest wait for the eighth consecutive month, averaging 23 days on the market, up from 20 days the previous month.

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

June 20, 2012 (Chris Moore)

The inventory of available homes for sale in the United States grew for the third consecutive month as the traditional spring/summer selling season brought more sellers into the market, and higher listing prices, according to the latest housing data of 146 metro areas released by Realtor.com.

Total listings of existing homes for sale increased 1.96 percent from April with a total of 1,876,924 single-family homes, condos, townhomes, and co-ops were listed for sale in May compared to 1,840,803 in April. The total number of homes listed for sale was still 20.07 percent lower than a year ago.

The median list price for an existing home in May was $194,900, up 1.92 percent from $191,211 in April, and 3.17 percent higher than in May 2011.

The Phoenix-Mesa, AZ, area continued to show the greatest improvement in year-over-year prices for the third consecutive month in May. Home prices in the area are up 32.63 percent over May of last year. The Santa Barbara-Santa Maria-Lompoc area in California had the second highest year-over-year gain of 30.06 percent.

Chattanooga, TN-GA, posted an increase of 24.06 percent over last year, followed by Boise City, ID, with a 20.71 percent annual increase, with Miami, FL, rounding out the top five with a gain of 15.54 percent over last year.

The Reading, PA, area posted the largest year-over-year decline in median list prices, falling 5.40 percent from a year ago followed by the Allentown-Bethlehem- Easton, PA, which saw list prices in their area fall 5.26 percent.

Rounding out the bottom five was the Milwaukee-Waukesha, WI, area with an 5.21 percent decline, followed by the Stockton-Lodi, CA, area and Tyler, TX, where annual list prices declined by 4.19 and 3.84 percent, respectively.

None of the 146 metropolitan areas in the survey registered double digit declines in year-over-year listing prices, down from only three the previous month. List prices are not necessarily indicative of selling prices, but may signal market sentiment by sellers. All together, 117 of the areas saw an increase in list prices.

The average number of days that an existing home spent on the market fell to 83 in May from 84 in April and was down from 92 days in May of last year. Twenty-two out of the 146 metropolitan areas required 100 days or more to sell a home, down from 23 in April.

Residents selling their homes in the southern region of South Carolina continued to wait the longest to sell their homes, averaging 143 days on the market, down from 161 days the previous month. Residents in Oakland had the shortest wait for the eighth consecutive month, averaging 23 days on the market, up from 20 days the previous month.

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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