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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.
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.
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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.
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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Monthly Home Sales Improve in Portland
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
Monthly Home Sales Improve in Portland
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
Monthly Home Sales Improve in Portland

August 5, 2011 (Shirley Allen)

Home sales in Portland improved from May to June but were at the second lowest level for a June since 1994 as new home sales fell to their lowest level on record according to real estate information provider DataQuick.

A total of 2,777 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 15.2 percent higher than May, but were 7.7 percent lower than June of 2010.

Home sales in the region typically increase 9.4 percent between May and June, but this month’s sales were still 34.8 percent below the average June sales amount of 4,260. On a year-over-year basis, sales have now fallen for 12 consecutive months with sales of new homes reaching a record low in June.

Cash buyers were responsible for 26.8 percent of the purchases in June and paid a median price of $168,500 for those homes.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 18.9 percent of all homes sold in June paying a median price of $169,350.

The overall median price paid for new and resale homes and condos in June was $215,000, which was down 0.8 percent from May and down 8.5 percent from June of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales represented 37.5 percent of the resale market in June as foreclosures accounted for 25.0 percent of the distressed sales and short sales accounted for 12.5 percent of the distressed sales.

Foreclosures jumped up in June as lenders foreclosed on 456 single-family homes and condos, up 17.2 percent in May, but down 22.8 percent from June of 2010. Foreclosures are down 22.8 percent during the first six months of 2011 compared to the same period in 2010.

Tags: DataQuick, existing home sales, Portland, 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

August 5, 2011 (Shirley Allen)

Home sales in Portland improved from May to June but were at the second lowest level for a June since 1994 as new home sales fell to their lowest level on record according to real estate information provider DataQuick.

A total of 2,777 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 15.2 percent higher than May, but were 7.7 percent lower than June of 2010.

Home sales in the region typically increase 9.4 percent between May and June, but this month’s sales were still 34.8 percent below the average June sales amount of 4,260. On a year-over-year basis, sales have now fallen for 12 consecutive months with sales of new homes reaching a record low in June.

Cash buyers were responsible for 26.8 percent of the purchases in June and paid a median price of $168,500 for those homes.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 18.9 percent of all homes sold in June paying a median price of $169,350.

The overall median price paid for new and resale homes and condos in June was $215,000, which was down 0.8 percent from May and down 8.5 percent from June of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales represented 37.5 percent of the resale market in June as foreclosures accounted for 25.0 percent of the distressed sales and short sales accounted for 12.5 percent of the distressed sales.

Foreclosures jumped up in June as lenders foreclosed on 456 single-family homes and condos, up 17.2 percent in May, but down 22.8 percent from June of 2010. Foreclosures are down 22.8 percent during the first six months of 2011 compared to the same period in 2010.

Tags: DataQuick, existing home sales, Portland, 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

August 5, 2011 (Shirley Allen)

Home sales in Portland improved from May to June but were at the second lowest level for a June since 1994 as new home sales fell to their lowest level on record according to real estate information provider DataQuick.

A total of 2,777 new and resale homes and condos closed escrow in the Portland-Vancouver-Beaverton metro area in June. Sales were 15.2 percent higher than May, but were 7.7 percent lower than June of 2010.

Home sales in the region typically increase 9.4 percent between May and June, but this month’s sales were still 34.8 percent below the average June sales amount of 4,260. On a year-over-year basis, sales have now fallen for 12 consecutive months with sales of new homes reaching a record low in June.

Cash buyers were responsible for 26.8 percent of the purchases in June and paid a median price of $168,500 for those homes.

Absentee buyers, usually investors and vacation home buyer’s, accounted for 18.9 percent of all homes sold in June paying a median price of $169,350.

The overall median price paid for new and resale homes and condos in June was $215,000, which was down 0.8 percent from May and down 8.5 percent from June of last year.

The current median price is 25.6 percent below the peak median price of $289,000 in October 2007.

Distressed sales represented 37.5 percent of the resale market in June as foreclosures accounted for 25.0 percent of the distressed sales and short sales accounted for 12.5 percent of the distressed sales.

Foreclosures jumped up in June as lenders foreclosed on 456 single-family homes and condos, up 17.2 percent in May, but down 22.8 percent from June of 2010. Foreclosures are down 22.8 percent during the first six months of 2011 compared to the same period in 2010.

Tags: DataQuick, existing home sales, Portland, 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