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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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May Home Sales Improve in Las Vegas, Prices Up for a Second Month
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
May Home Sales Improve in Las Vegas, Prices Up for a Second Month
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
May Home Sales Improve in Las Vegas, Prices Up for a Second Month

July 5, 2012 (Shirley Allen)

Home sales improved in the Las Vegas area in May following April’s larger than expected decline while home prices began to show signs of recovery, improving year-over-year for the second consecutive month according to the latest data released from DataQuick.

A total of 4,829 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in May. Sales were 6.1 percent higher than the revised 4,550 homes sold in April and were 5.7 percent higher than the 4,570 homes sold in May of 2011.

Home sales in the region typically increase 5.0 percent between April and May but were still 0.4 percent below the average number of homes typically sold during the month.

New home sales were 32.8 percent higher than last year and were at their highest level for the month since 2008 but were still 63.0 percent below their historical average, while existing home sales were 2.8 percent higher than in May of last year and up 29.1 percent above their historical average.

Cash buyers accounted for 53.3 percent of the purchases in May, which was down from 53.6 percent in April but up from 53.0 percent a year earlier. The record for cash purchases was in May 2011, when 56.7 percent of the sales were for cash.

The price that cash buyers paid for a home in May increased to $95,000 from $89,900 in April and up from $89,000 in May of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 48.8 percent of all homes sold in May, down from 50.5 percent in April. The prices they paid for their purchases increased to $100,000 from $96,000 in April and up from $98,900 in May of 2011.

The overall median price paid for new and resale homes and condos in May was $122,000, up from $119,000 in April and up from $117,000 in May of last year. It was the second consecutive month that year-over-year prices have improved after 21 consecutive months of declines.

May’s median price was 60.9 percent below the peak median price of $312,000 in May 2006.

Distressed property sales accounted for 52.7 percent of the re-sale market in May with foreclosure re-sales accounting for 39.0 percent of total re-sales, down from 44.3 percent in April, and short sales accounting for 13.7 percent of total re-sales, down from 14.6 percent the previous month.

Foreclosures fell again from April to May with lenders foreclosing on 905 single-family homes and condos, down from 1,237 foreclosures in April. The highest number of loans foreclosed by lenders in a single month was in May 2011, when lenders foreclosed on 3,818 loans.

Notices of default (NoDs) increased 5.0 percent in the eighth month following the new Nevada law that created additional requirements in order to foreclose on a property, increasing from 1,182 in April to 1,280 in May. In September, the month before the new law took effect, 4,507 NoDs were filed.

Tags: existing home sales, Las Vegas, 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

July 5, 2012 (Shirley Allen)

Home sales improved in the Las Vegas area in May following April’s larger than expected decline while home prices began to show signs of recovery, improving year-over-year for the second consecutive month according to the latest data released from DataQuick.

A total of 4,829 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in May. Sales were 6.1 percent higher than the revised 4,550 homes sold in April and were 5.7 percent higher than the 4,570 homes sold in May of 2011.

Home sales in the region typically increase 5.0 percent between April and May but were still 0.4 percent below the average number of homes typically sold during the month.

New home sales were 32.8 percent higher than last year and were at their highest level for the month since 2008 but were still 63.0 percent below their historical average, while existing home sales were 2.8 percent higher than in May of last year and up 29.1 percent above their historical average.

Cash buyers accounted for 53.3 percent of the purchases in May, which was down from 53.6 percent in April but up from 53.0 percent a year earlier. The record for cash purchases was in May 2011, when 56.7 percent of the sales were for cash.

The price that cash buyers paid for a home in May increased to $95,000 from $89,900 in April and up from $89,000 in May of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 48.8 percent of all homes sold in May, down from 50.5 percent in April. The prices they paid for their purchases increased to $100,000 from $96,000 in April and up from $98,900 in May of 2011.

The overall median price paid for new and resale homes and condos in May was $122,000, up from $119,000 in April and up from $117,000 in May of last year. It was the second consecutive month that year-over-year prices have improved after 21 consecutive months of declines.

May’s median price was 60.9 percent below the peak median price of $312,000 in May 2006.

Distressed property sales accounted for 52.7 percent of the re-sale market in May with foreclosure re-sales accounting for 39.0 percent of total re-sales, down from 44.3 percent in April, and short sales accounting for 13.7 percent of total re-sales, down from 14.6 percent the previous month.

Foreclosures fell again from April to May with lenders foreclosing on 905 single-family homes and condos, down from 1,237 foreclosures in April. The highest number of loans foreclosed by lenders in a single month was in May 2011, when lenders foreclosed on 3,818 loans.

Notices of default (NoDs) increased 5.0 percent in the eighth month following the new Nevada law that created additional requirements in order to foreclose on a property, increasing from 1,182 in April to 1,280 in May. In September, the month before the new law took effect, 4,507 NoDs were filed.

Tags: existing home sales, Las Vegas, 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

July 5, 2012 (Shirley Allen)

Home sales improved in the Las Vegas area in May following April’s larger than expected decline while home prices began to show signs of recovery, improving year-over-year for the second consecutive month according to the latest data released from DataQuick.

A total of 4,829 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area in May. Sales were 6.1 percent higher than the revised 4,550 homes sold in April and were 5.7 percent higher than the 4,570 homes sold in May of 2011.

Home sales in the region typically increase 5.0 percent between April and May but were still 0.4 percent below the average number of homes typically sold during the month.

New home sales were 32.8 percent higher than last year and were at their highest level for the month since 2008 but were still 63.0 percent below their historical average, while existing home sales were 2.8 percent higher than in May of last year and up 29.1 percent above their historical average.

Cash buyers accounted for 53.3 percent of the purchases in May, which was down from 53.6 percent in April but up from 53.0 percent a year earlier. The record for cash purchases was in May 2011, when 56.7 percent of the sales were for cash.

The price that cash buyers paid for a home in May increased to $95,000 from $89,900 in April and up from $89,000 in May of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 48.8 percent of all homes sold in May, down from 50.5 percent in April. The prices they paid for their purchases increased to $100,000 from $96,000 in April and up from $98,900 in May of 2011.

The overall median price paid for new and resale homes and condos in May was $122,000, up from $119,000 in April and up from $117,000 in May of last year. It was the second consecutive month that year-over-year prices have improved after 21 consecutive months of declines.

May’s median price was 60.9 percent below the peak median price of $312,000 in May 2006.

Distressed property sales accounted for 52.7 percent of the re-sale market in May with foreclosure re-sales accounting for 39.0 percent of total re-sales, down from 44.3 percent in April, and short sales accounting for 13.7 percent of total re-sales, down from 14.6 percent the previous month.

Foreclosures fell again from April to May with lenders foreclosing on 905 single-family homes and condos, down from 1,237 foreclosures in April. The highest number of loans foreclosed by lenders in a single month was in May 2011, when lenders foreclosed on 3,818 loans.

Notices of default (NoDs) increased 5.0 percent in the eighth month following the new Nevada law that created additional requirements in order to foreclose on a property, increasing from 1,182 in April to 1,280 in May. In September, the month before the new law took effect, 4,507 NoDs were filed.

Tags: existing home sales, Las Vegas, 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