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New Home Sales Decline in May
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.
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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.
READY TO SPEAK TO A PROFESSIONAL?
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New Home Sales Decline in May
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.
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New Home Sales Decline in May

June 23, 2011 (Chris Moore)

Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau.

Sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April. Sales were 13.5 percent higher than the estimated 281,000 units sold in May of 2010.

The median sales price of the new homes sold in May was $222,600, which was up from $217,000 in April. The average sales price in May was $266,400, which was also up from $265,400 in April.

Only one of the four regions experienced a gain in new home sales from April to May, while two regions experienced declines and one was unchanged.

New single-family home sales in the South increased 2.4 percent, while the Midwest remained unchanged from April to May. The West reported a sales decline of 3.5 percent, while sales in the Northeast dropped 26.7 percent.

New home sales were up in 3 of the 4 regions from May of 2010, with only the Northeast suffering a decline. The Midwest reported a sales increase of 5.0 percent, the South saw an increase of 13.9 percent and the West reported a whopping 31.7 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 18.5 percent.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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.
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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.
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June 23, 2011 (Chris Moore)

Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau.

Sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April. Sales were 13.5 percent higher than the estimated 281,000 units sold in May of 2010.

The median sales price of the new homes sold in May was $222,600, which was up from $217,000 in April. The average sales price in May was $266,400, which was also up from $265,400 in April.

Only one of the four regions experienced a gain in new home sales from April to May, while two regions experienced declines and one was unchanged.

New single-family home sales in the South increased 2.4 percent, while the Midwest remained unchanged from April to May. The West reported a sales decline of 3.5 percent, while sales in the Northeast dropped 26.7 percent.

New home sales were up in 3 of the 4 regions from May of 2010, with only the Northeast suffering a decline. The Midwest reported a sales increase of 5.0 percent, the South saw an increase of 13.9 percent and the West reported a whopping 31.7 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 18.5 percent.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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

June 23, 2011 (Chris Moore)

Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau.

Sales had fallen to an all-time low of 279,000 in February and were followed by gains in March and April. Sales were 13.5 percent higher than the estimated 281,000 units sold in May of 2010.

The median sales price of the new homes sold in May was $222,600, which was up from $217,000 in April. The average sales price in May was $266,400, which was also up from $265,400 in April.

Only one of the four regions experienced a gain in new home sales from April to May, while two regions experienced declines and one was unchanged.

New single-family home sales in the South increased 2.4 percent, while the Midwest remained unchanged from April to May. The West reported a sales decline of 3.5 percent, while sales in the Northeast dropped 26.7 percent.

New home sales were up in 3 of the 4 regions from May of 2010, with only the Northeast suffering a decline. The Midwest reported a sales increase of 5.0 percent, the South saw an increase of 13.9 percent and the West reported a whopping 31.7 percent increase in new single-family home sales. Year-over-year new home sales in the Northeast declined 18.5 percent.

Tags: Census Bureau, new home sales, single-family homes, median sales price, average sales price

Source:
Census Bureau

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
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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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