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Housing Transactions Jump in August
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 Transactions Jump in August
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 Transactions Jump in August

September 26, 2012 (Chris Moore)

The housing market continued to show signs of recovery in August as completed transactions of existing home purchases increased for the second consecutive month according to the National Association of Realtors® (NAR).

Monthly existing home sales, which include single-family homes, townhomes, condos, and co-ops, increased to a seasonally adjusted rate of 4.82 million transactions in August, up from 4.47 million in July, a gain of 7.8 percent. Compared to August of last year, sales were 9.3 percent higher than the 4.41 million seasonally adjusted transactions. It was the 14th consecutive month that year-over-year home sales have increased.

Lawrence Yun, chief economist of NAR, stated, “The housing market is steadily recovering with consistent increases in both home sales and median prices. More buyers are taking advantage of excellent housing affordability conditions. Inventories in many parts of the country are broadly balanced, favoring neither sellers nor buyers. However, the West and Florida markets are experiencing inventory shortages, which are placing pressure on prices.”

Regional Home Sales:

Monthly existing home sales in the Northeast increased by 8.6 percent to an annual rate of 630,000 transactions and were also 8.6 percent higher than in August of last year, while in the Midwest, sales moved 7.7 percent higher than the previous month, selling at a rate of 1.12 million annual sales, and were 17.9 percent higher than last year’s sales pace.

In the South, monthly existing home sales improved by 8.3 percent in August at an annual pace of 1.90 million transactions and were 11.1 percent above August 2011’s levels, and in the West, transactions for the month were unchanged from an annual rate of 1.17 million sales and were unchanged from last year’s sales pace.

Home Prices:

Monthly home prices improved by a modest $100 as the national median existing home price increased from $187,300 in July to $187,400 in August. The median home price in August was 9.5 percent higher than in the same month last year, the sixth consecutive month that home prices have surpassed the previous year’s levels.

The median price in the Northeast was $245,200, which was 0.6 percent higher than a year ago but down from $254,200 last month, while the median price in the Midwest was $152,400, up 7.8 percent from August of 2011 but down from $154,100 the previous month.

In the South, the median price was $160,100, a gain of 7.3 percent from a year ago but down from $162,600 last month, and in the West, the median price was $242,000, up 16.3 percent from August of 2011 and up from $238,600 the previous month.

Cash and Distressed Property Sales:

Distressed property sales accounted for 22 percent of all existing home sales in August, down from 24 percent in July and down from 31 percent in August of 2011. Foreclosure sales made up 12 percent of all existing home sales while short sales also accounted for 10 percent of all existing sales.

Cash sales accounted for 27 percent of all sales in August, unchanged from July, while investors jumped in and purchased 18 percent of the homes sold in August, up from 16 percent in July.

Housing Inventory:

The number of homes available for sale in August increased 2.9 percent to 2.47 million homes which represents a 6.1 month supply, down from a 6.4 months supply in July. The number homes listed for sale in August was 23.9 percent lower than in August of last year.

Tags: existing home sales, investors, distressed property sales, declining prices, low appraisals, cancelled contracts, median home price

Source:
NAR

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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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

September 26, 2012 (Chris Moore)

The housing market continued to show signs of recovery in August as completed transactions of existing home purchases increased for the second consecutive month according to the National Association of Realtors® (NAR).

Monthly existing home sales, which include single-family homes, townhomes, condos, and co-ops, increased to a seasonally adjusted rate of 4.82 million transactions in August, up from 4.47 million in July, a gain of 7.8 percent. Compared to August of last year, sales were 9.3 percent higher than the 4.41 million seasonally adjusted transactions. It was the 14th consecutive month that year-over-year home sales have increased.

Lawrence Yun, chief economist of NAR, stated, “The housing market is steadily recovering with consistent increases in both home sales and median prices. More buyers are taking advantage of excellent housing affordability conditions. Inventories in many parts of the country are broadly balanced, favoring neither sellers nor buyers. However, the West and Florida markets are experiencing inventory shortages, which are placing pressure on prices.”

Regional Home Sales:

Monthly existing home sales in the Northeast increased by 8.6 percent to an annual rate of 630,000 transactions and were also 8.6 percent higher than in August of last year, while in the Midwest, sales moved 7.7 percent higher than the previous month, selling at a rate of 1.12 million annual sales, and were 17.9 percent higher than last year’s sales pace.

In the South, monthly existing home sales improved by 8.3 percent in August at an annual pace of 1.90 million transactions and were 11.1 percent above August 2011’s levels, and in the West, transactions for the month were unchanged from an annual rate of 1.17 million sales and were unchanged from last year’s sales pace.

Home Prices:

Monthly home prices improved by a modest $100 as the national median existing home price increased from $187,300 in July to $187,400 in August. The median home price in August was 9.5 percent higher than in the same month last year, the sixth consecutive month that home prices have surpassed the previous year’s levels.

The median price in the Northeast was $245,200, which was 0.6 percent higher than a year ago but down from $254,200 last month, while the median price in the Midwest was $152,400, up 7.8 percent from August of 2011 but down from $154,100 the previous month.

In the South, the median price was $160,100, a gain of 7.3 percent from a year ago but down from $162,600 last month, and in the West, the median price was $242,000, up 16.3 percent from August of 2011 and up from $238,600 the previous month.

Cash and Distressed Property Sales:

Distressed property sales accounted for 22 percent of all existing home sales in August, down from 24 percent in July and down from 31 percent in August of 2011. Foreclosure sales made up 12 percent of all existing home sales while short sales also accounted for 10 percent of all existing sales.

Cash sales accounted for 27 percent of all sales in August, unchanged from July, while investors jumped in and purchased 18 percent of the homes sold in August, up from 16 percent in July.

Housing Inventory:

The number of homes available for sale in August increased 2.9 percent to 2.47 million homes which represents a 6.1 month supply, down from a 6.4 months supply in July. The number homes listed for sale in August was 23.9 percent lower than in August of last year.

Tags: existing home sales, investors, distressed property sales, declining prices, low appraisals, cancelled contracts, median home price

Source:
NAR

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

September 26, 2012 (Chris Moore)

The housing market continued to show signs of recovery in August as completed transactions of existing home purchases increased for the second consecutive month according to the National Association of Realtors® (NAR).

Monthly existing home sales, which include single-family homes, townhomes, condos, and co-ops, increased to a seasonally adjusted rate of 4.82 million transactions in August, up from 4.47 million in July, a gain of 7.8 percent. Compared to August of last year, sales were 9.3 percent higher than the 4.41 million seasonally adjusted transactions. It was the 14th consecutive month that year-over-year home sales have increased.

Lawrence Yun, chief economist of NAR, stated, “The housing market is steadily recovering with consistent increases in both home sales and median prices. More buyers are taking advantage of excellent housing affordability conditions. Inventories in many parts of the country are broadly balanced, favoring neither sellers nor buyers. However, the West and Florida markets are experiencing inventory shortages, which are placing pressure on prices.”

Regional Home Sales:

Monthly existing home sales in the Northeast increased by 8.6 percent to an annual rate of 630,000 transactions and were also 8.6 percent higher than in August of last year, while in the Midwest, sales moved 7.7 percent higher than the previous month, selling at a rate of 1.12 million annual sales, and were 17.9 percent higher than last year’s sales pace.

In the South, monthly existing home sales improved by 8.3 percent in August at an annual pace of 1.90 million transactions and were 11.1 percent above August 2011’s levels, and in the West, transactions for the month were unchanged from an annual rate of 1.17 million sales and were unchanged from last year’s sales pace.

Home Prices:

Monthly home prices improved by a modest $100 as the national median existing home price increased from $187,300 in July to $187,400 in August. The median home price in August was 9.5 percent higher than in the same month last year, the sixth consecutive month that home prices have surpassed the previous year’s levels.

The median price in the Northeast was $245,200, which was 0.6 percent higher than a year ago but down from $254,200 last month, while the median price in the Midwest was $152,400, up 7.8 percent from August of 2011 but down from $154,100 the previous month.

In the South, the median price was $160,100, a gain of 7.3 percent from a year ago but down from $162,600 last month, and in the West, the median price was $242,000, up 16.3 percent from August of 2011 and up from $238,600 the previous month.

Cash and Distressed Property Sales:

Distressed property sales accounted for 22 percent of all existing home sales in August, down from 24 percent in July and down from 31 percent in August of 2011. Foreclosure sales made up 12 percent of all existing home sales while short sales also accounted for 10 percent of all existing sales.

Cash sales accounted for 27 percent of all sales in August, unchanged from July, while investors jumped in and purchased 18 percent of the homes sold in August, up from 16 percent in July.

Housing Inventory:

The number of homes available for sale in August increased 2.9 percent to 2.47 million homes which represents a 6.1 month supply, down from a 6.4 months supply in July. The number homes listed for sale in August was 23.9 percent lower than in August of last year.

Tags: existing home sales, investors, distressed property sales, declining prices, low appraisals, cancelled contracts, median home price

Source:
NAR

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