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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.
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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.
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Las Vegas Home Sales Sputter in September
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
Las Vegas Home Sales Sputter in September
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
Las Vegas Home Sales Sputter in September

November 14, 2012 (Shirley Allen)

With less days to record sales in September, home sales in the Las Vegas area declined on a monthly basis but remained unchanged from the previous month on a daily basis according to the latest data released from DataQuick while home prices continued to improve.

A total of 4,090 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in September. Sales were 15.0 percent lower than the 4,795 homes sold in August and were 12.8 percent lower than the 4,692 homes sold in September of 2011. Home sales for the month were the lowest since September 2007.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. On a daily basis, homes sales were virtually unchanged from the previous month.

Home sales in the region typically decline about eight percent between August and September and were 13.0 percent below the average number of homes typically sold during the month.

Cash buyers accounted for 52.4 percent of the purchases in September, which was up from 50.9 percent in August and up from 51.2 percent a year earlier. The record for cash purchases was in September 2011, when 56.7 percent of the sales were for cash.

The price that cash buyers paid for their purchases in September increased to $106,500 from $105,000 in August, and was up from $83,000 in September of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 48.5 percent of all homes sold in September, down from 48.6 in August. The prices they paid for their purchases increased to $112,500 from $110,000 in August and were up from $90,000 in September of 2011.

The overall median price paid for new and resale homes and condos in September was $137,000, up from $133,000 in August and up from $115,000 in September of last year. It was the sixth consecutive month that year-over-year prices have improved after 21 consecutive months of declines.

September’s median price was still 56.1 percent below the peak median price of $312,000 in September 2006.

Foreclosure re-sales accounted for19.2 percent of total re-sales, down from 21.8 percent in August, and short sales accounted for 42.6 percent of total re-sales, up from 38.3 percent the previous month. Foreclosure re-sales were at their lowest level since September 2007.

Tags: Las Vegas real estate, existing home sales, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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

November 14, 2012 (Shirley Allen)

With less days to record sales in September, home sales in the Las Vegas area declined on a monthly basis but remained unchanged from the previous month on a daily basis according to the latest data released from DataQuick while home prices continued to improve.

A total of 4,090 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in September. Sales were 15.0 percent lower than the 4,795 homes sold in August and were 12.8 percent lower than the 4,692 homes sold in September of 2011. Home sales for the month were the lowest since September 2007.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. On a daily basis, homes sales were virtually unchanged from the previous month.

Home sales in the region typically decline about eight percent between August and September and were 13.0 percent below the average number of homes typically sold during the month.

Cash buyers accounted for 52.4 percent of the purchases in September, which was up from 50.9 percent in August and up from 51.2 percent a year earlier. The record for cash purchases was in September 2011, when 56.7 percent of the sales were for cash.

The price that cash buyers paid for their purchases in September increased to $106,500 from $105,000 in August, and was up from $83,000 in September of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 48.5 percent of all homes sold in September, down from 48.6 in August. The prices they paid for their purchases increased to $112,500 from $110,000 in August and were up from $90,000 in September of 2011.

The overall median price paid for new and resale homes and condos in September was $137,000, up from $133,000 in August and up from $115,000 in September of last year. It was the sixth consecutive month that year-over-year prices have improved after 21 consecutive months of declines.

September’s median price was still 56.1 percent below the peak median price of $312,000 in September 2006.

Foreclosure re-sales accounted for19.2 percent of total re-sales, down from 21.8 percent in August, and short sales accounted for 42.6 percent of total re-sales, up from 38.3 percent the previous month. Foreclosure re-sales were at their lowest level since September 2007.

Tags: Las Vegas real estate, existing home sales, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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

November 14, 2012 (Shirley Allen)

With less days to record sales in September, home sales in the Las Vegas area declined on a monthly basis but remained unchanged from the previous month on a daily basis according to the latest data released from DataQuick while home prices continued to improve.

A total of 4,090 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in September. Sales were 15.0 percent lower than the 4,795 homes sold in August and were 12.8 percent lower than the 4,692 homes sold in September of 2011. Home sales for the month were the lowest since September 2007.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. On a daily basis, homes sales were virtually unchanged from the previous month.

Home sales in the region typically decline about eight percent between August and September and were 13.0 percent below the average number of homes typically sold during the month.

Cash buyers accounted for 52.4 percent of the purchases in September, which was up from 50.9 percent in August and up from 51.2 percent a year earlier. The record for cash purchases was in September 2011, when 56.7 percent of the sales were for cash.

The price that cash buyers paid for their purchases in September increased to $106,500 from $105,000 in August, and was up from $83,000 in September of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 48.5 percent of all homes sold in September, down from 48.6 in August. The prices they paid for their purchases increased to $112,500 from $110,000 in August and were up from $90,000 in September of 2011.

The overall median price paid for new and resale homes and condos in September was $137,000, up from $133,000 in August and up from $115,000 in September of last year. It was the sixth consecutive month that year-over-year prices have improved after 21 consecutive months of declines.

September’s median price was still 56.1 percent below the peak median price of $312,000 in September 2006.

Foreclosure re-sales accounted for19.2 percent of total re-sales, down from 21.8 percent in August, and short sales accounted for 42.6 percent of total re-sales, up from 38.3 percent the previous month. Foreclosure re-sales were at their lowest level since September 2007.

Tags: Las Vegas real estate, existing home sales, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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