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Monthly Home Sales Take a Double Digit Dive in September
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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?
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Monthly Home Sales Take a Double Digit Dive 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
Monthly Home Sales Take a Double Digit Dive in September

October 18, 2012 (Jeff Alan)

Monthly sales of existing homes took a double-digit dive in September, barely beating last year’s tally according to RE/MAX’s National Housing Report (NHR) while home prices fell for the second consecutive month but still outperformed the previous year for the eighth consecutive month.

Closed transactions of home purchases fell 17.5 percent from August to September and were only 0.5 percent higher than in September of 2011, still good enough to mark the 15th consecutive month that home sales have increased year-over-year.

Twenty-nine out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 44 in August. Albuquerque, NM (+40.9%), Chicago, IL (+24.1%), Raleigh-Durham, NC (+22.1%), Providence, RI (+22.1%), Nashville, TN (+21.0%) and Denver, CO (+11.4%) recorded the highest year-over-year gains in closed transactions in September.

The median sales price of the homes sold in September was 2.2 percent lower than in the previous month of August, falling from $168,685 to $164,989. The median sales price was still 7.8 percent higher than the median price of $153,023 in September of 2011. It was the eighth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in September than they did a year earlier, down from 46 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.3%), Miami, FL (+23.1%), Atlanta, GA (+23.0%), San Francisco, CA (+22.7%), Detroit, MI (+20.0%), and Boise (+16.3%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.3 percent from August and 29.1 percent from September 2011. It was the 27th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the double-digit drop in sales pushed the average month’s supply of home for sale up for the first time in four months, increasing from a 4.9 months supply of homes in August to a 5.5 months supply in September but still down from a 7.7 months supply in September of last year.

The average number of days it took for a home to sale remained unchanged from August ay 81 but was still lower than the 94 days it took a year ago.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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.
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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
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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
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October 18, 2012 (Jeff Alan)

Monthly sales of existing homes took a double-digit dive in September, barely beating last year’s tally according to RE/MAX’s National Housing Report (NHR) while home prices fell for the second consecutive month but still outperformed the previous year for the eighth consecutive month.

Closed transactions of home purchases fell 17.5 percent from August to September and were only 0.5 percent higher than in September of 2011, still good enough to mark the 15th consecutive month that home sales have increased year-over-year.

Twenty-nine out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 44 in August. Albuquerque, NM (+40.9%), Chicago, IL (+24.1%), Raleigh-Durham, NC (+22.1%), Providence, RI (+22.1%), Nashville, TN (+21.0%) and Denver, CO (+11.4%) recorded the highest year-over-year gains in closed transactions in September.

The median sales price of the homes sold in September was 2.2 percent lower than in the previous month of August, falling from $168,685 to $164,989. The median sales price was still 7.8 percent higher than the median price of $153,023 in September of 2011. It was the eighth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in September than they did a year earlier, down from 46 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.3%), Miami, FL (+23.1%), Atlanta, GA (+23.0%), San Francisco, CA (+22.7%), Detroit, MI (+20.0%), and Boise (+16.3%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.3 percent from August and 29.1 percent from September 2011. It was the 27th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the double-digit drop in sales pushed the average month’s supply of home for sale up for the first time in four months, increasing from a 4.9 months supply of homes in August to a 5.5 months supply in September but still down from a 7.7 months supply in September of last year.

The average number of days it took for a home to sale remained unchanged from August ay 81 but was still lower than the 94 days it took a year ago.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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

October 18, 2012 (Jeff Alan)

Monthly sales of existing homes took a double-digit dive in September, barely beating last year’s tally according to RE/MAX’s National Housing Report (NHR) while home prices fell for the second consecutive month but still outperformed the previous year for the eighth consecutive month.

Closed transactions of home purchases fell 17.5 percent from August to September and were only 0.5 percent higher than in September of 2011, still good enough to mark the 15th consecutive month that home sales have increased year-over-year.

Twenty-nine out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 44 in August. Albuquerque, NM (+40.9%), Chicago, IL (+24.1%), Raleigh-Durham, NC (+22.1%), Providence, RI (+22.1%), Nashville, TN (+21.0%) and Denver, CO (+11.4%) recorded the highest year-over-year gains in closed transactions in September.

The median sales price of the homes sold in September was 2.2 percent lower than in the previous month of August, falling from $168,685 to $164,989. The median sales price was still 7.8 percent higher than the median price of $153,023 in September of 2011. It was the eighth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in September than they did a year earlier, down from 46 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+33.3%), Miami, FL (+23.1%), Atlanta, GA (+23.0%), San Francisco, CA (+22.7%), Detroit, MI (+20.0%), and Boise (+16.3%).

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.3 percent from August and 29.1 percent from September 2011. It was the 27th consecutive month that the supply of homes for sale has declined.

Despite the declining inventory, the double-digit drop in sales pushed the average month’s supply of home for sale up for the first time in four months, increasing from a 4.9 months supply of homes in August to a 5.5 months supply in September but still down from a 7.7 months supply in September of last year.

The average number of days it took for a home to sale remained unchanged from August ay 81 but was still lower than the 94 days it took a year ago.

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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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