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Nevada Home Prices Down 60 Percent Since Market Peak
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
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Nevada Home Prices Down 60 Percent Since Market Peak
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
Nevada Home Prices Down 60 Percent Since Market Peak

February 3, 2012 (Chris Moore)

Home prices in the state of Nevada, including distressed property sales, have fallen 60 percent since the housing market peaked in April of 2006 according to CoreLogic’s December Home Price Index (HPI), the largest decline in home prices of any state in the country.

But Nevada wasn’t the biggest loser in 2011, that distinction belonged to Illinois which saw home prices drop 11.2 percent in the last year. Nevada was second with a price decline of 10.6 percent when including distressed property sales.

Other states that have posted large declines in home prices since the market peaked in 2006 were Arizona (-51.9%), Florida
(-50%), Michigan (-43.7%) and California (-43.5%).

Monthly home prices fell for the fifth consecutive month, declining 1.4 percent from the previous month when including distressed property sales. However, excluding distressed properties, home prices would have increased 0.2 percent, the first time that has happened since July of 2011.

Including distressed property sales, home prices in December were 4.7 percent lower than in December of last year. Excluding distressed properties, home prices would have been only 0.9 percent lower than the previous year. This is the fifth consecutive year that home prices have declined.

Since the market peak in April 2006, home prices have declined 33.7 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 24.0 percent since the market peak.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Mark Fleming, chief economist for CoreLogic, stated, “While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market recede, we will see continued downward pressure on prices.”

Eighty-one out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in December, which was one more than the revised amount reported in November.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Montana (+4.4 percent), Vermont (+4.0 percent), South Dakota (+3.1 percent), Nebraska (+2.5 percent) and New York (+1.7 percent). In November, those states were: Vermont (+4.3 percent), South Carolina (+2.8 percent), District of Columbia (+2.1 percent), Nebraska (+1.9 percent) and New York (+1.7 percent).

The five states with the greatest YOY depreciation including distressed sales were: Illinois (-11.3 percent), Nevada (-10.6 percent), Georgia (-8.3 percent), Ohio (-7.7 percent), and Minnesota (-7.5 percent). In November, those states were: Nevada (-11.2 percent), Illinois (-9.7 percent), Minnesota (-7.8 percent), Georgia (-7.7 percent) and Ohio (-7.2 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Montana (+7.7 percent), South Dakota (+3.5 percent), Indiana (+3.3 percent), Alaska (+3.1 percent), and Massachusetts (+2.9 percent). In November, those states were: Maine (+4.9 percent), South Carolina (+4.9 percent), Montana (+3.8 percent), Indiana (+3.3 percent) and Louisiana (+2.4 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Nevada (-9.7 percent), Minnesota (-5.2 percent), Arizona (-4.9 percent), Delaware (-4.2 percent) and Michigan (-3.5 percent). In November, those states were: Nevada (-8.8 percent), Arizona (-4.9 percent), Minnesota (-4.7 percent), Idaho (-4.1 percent) and Georgia (-3.6 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation

Sources:
CoreLogic

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
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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

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February 3, 2012 (Chris Moore)

Home prices in the state of Nevada, including distressed property sales, have fallen 60 percent since the housing market peaked in April of 2006 according to CoreLogic’s December Home Price Index (HPI), the largest decline in home prices of any state in the country.

But Nevada wasn’t the biggest loser in 2011, that distinction belonged to Illinois which saw home prices drop 11.2 percent in the last year. Nevada was second with a price decline of 10.6 percent when including distressed property sales.

Other states that have posted large declines in home prices since the market peaked in 2006 were Arizona (-51.9%), Florida
(-50%), Michigan (-43.7%) and California (-43.5%).

Monthly home prices fell for the fifth consecutive month, declining 1.4 percent from the previous month when including distressed property sales. However, excluding distressed properties, home prices would have increased 0.2 percent, the first time that has happened since July of 2011.

Including distressed property sales, home prices in December were 4.7 percent lower than in December of last year. Excluding distressed properties, home prices would have been only 0.9 percent lower than the previous year. This is the fifth consecutive year that home prices have declined.

Since the market peak in April 2006, home prices have declined 33.7 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 24.0 percent since the market peak.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Mark Fleming, chief economist for CoreLogic, stated, “While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market recede, we will see continued downward pressure on prices.”

Eighty-one out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in December, which was one more than the revised amount reported in November.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Montana (+4.4 percent), Vermont (+4.0 percent), South Dakota (+3.1 percent), Nebraska (+2.5 percent) and New York (+1.7 percent). In November, those states were: Vermont (+4.3 percent), South Carolina (+2.8 percent), District of Columbia (+2.1 percent), Nebraska (+1.9 percent) and New York (+1.7 percent).

The five states with the greatest YOY depreciation including distressed sales were: Illinois (-11.3 percent), Nevada (-10.6 percent), Georgia (-8.3 percent), Ohio (-7.7 percent), and Minnesota (-7.5 percent). In November, those states were: Nevada (-11.2 percent), Illinois (-9.7 percent), Minnesota (-7.8 percent), Georgia (-7.7 percent) and Ohio (-7.2 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Montana (+7.7 percent), South Dakota (+3.5 percent), Indiana (+3.3 percent), Alaska (+3.1 percent), and Massachusetts (+2.9 percent). In November, those states were: Maine (+4.9 percent), South Carolina (+4.9 percent), Montana (+3.8 percent), Indiana (+3.3 percent) and Louisiana (+2.4 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Nevada (-9.7 percent), Minnesota (-5.2 percent), Arizona (-4.9 percent), Delaware (-4.2 percent) and Michigan (-3.5 percent). In November, those states were: Nevada (-8.8 percent), Arizona (-4.9 percent), Minnesota (-4.7 percent), Idaho (-4.1 percent) and Georgia (-3.6 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation

Sources:
CoreLogic

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

February 3, 2012 (Chris Moore)

Home prices in the state of Nevada, including distressed property sales, have fallen 60 percent since the housing market peaked in April of 2006 according to CoreLogic’s December Home Price Index (HPI), the largest decline in home prices of any state in the country.

But Nevada wasn’t the biggest loser in 2011, that distinction belonged to Illinois which saw home prices drop 11.2 percent in the last year. Nevada was second with a price decline of 10.6 percent when including distressed property sales.

Other states that have posted large declines in home prices since the market peaked in 2006 were Arizona (-51.9%), Florida
(-50%), Michigan (-43.7%) and California (-43.5%).

Monthly home prices fell for the fifth consecutive month, declining 1.4 percent from the previous month when including distressed property sales. However, excluding distressed properties, home prices would have increased 0.2 percent, the first time that has happened since July of 2011.

Including distressed property sales, home prices in December were 4.7 percent lower than in December of last year. Excluding distressed properties, home prices would have been only 0.9 percent lower than the previous year. This is the fifth consecutive year that home prices have declined.

Since the market peak in April 2006, home prices have declined 33.7 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 24.0 percent since the market peak.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Mark Fleming, chief economist for CoreLogic, stated, “While overall prices declined by almost 5 percent in 2011, non-distressed prices showed only a small decrease. Until distressed sales in the market recede, we will see continued downward pressure on prices.”

Eighty-one out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in December, which was one more than the revised amount reported in November.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Montana (+4.4 percent), Vermont (+4.0 percent), South Dakota (+3.1 percent), Nebraska (+2.5 percent) and New York (+1.7 percent). In November, those states were: Vermont (+4.3 percent), South Carolina (+2.8 percent), District of Columbia (+2.1 percent), Nebraska (+1.9 percent) and New York (+1.7 percent).

The five states with the greatest YOY depreciation including distressed sales were: Illinois (-11.3 percent), Nevada (-10.6 percent), Georgia (-8.3 percent), Ohio (-7.7 percent), and Minnesota (-7.5 percent). In November, those states were: Nevada (-11.2 percent), Illinois (-9.7 percent), Minnesota (-7.8 percent), Georgia (-7.7 percent) and Ohio (-7.2 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Montana (+7.7 percent), South Dakota (+3.5 percent), Indiana (+3.3 percent), Alaska (+3.1 percent), and Massachusetts (+2.9 percent). In November, those states were: Maine (+4.9 percent), South Carolina (+4.9 percent), Montana (+3.8 percent), Indiana (+3.3 percent) and Louisiana (+2.4 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Nevada (-9.7 percent), Minnesota (-5.2 percent), Arizona (-4.9 percent), Delaware (-4.2 percent) and Michigan (-3.5 percent). In November, those states were: Nevada (-8.8 percent), Arizona (-4.9 percent), Minnesota (-4.7 percent), Idaho (-4.1 percent) and Georgia (-3.6 percent).

Tags: CoreLogic, home prices, distressed property sales, appreciation, depreciation

Sources:
CoreLogic

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