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New Home Sales Down Sharply in July
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
New Home Sales Down Sharply in July
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
New Home Sales Down Sharply in July

New single-family home sales took a dive from June to July but still remained above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes fell 13.4 percent in July to a seasonally adjusted rate of 394,000, down from a revised sales rate of 455,000 in June. On an unadjusted basis, new home sales plummeted by 18.6 percent from the previous month.

The seasonally adjusted rate of sales in July was still 6.8 percent higher than the estimated sales rate of 369,000 units in July of 2012. Sales were 6.1 percent higher than in July of last year on an unadjusted basis.

The median sales price of the new homes sold in July was $257,200, which was down slightly from a revised $258,500 in June. The average sales price for a new home in July was $322,700, up from a revised $302,200 in June.

Sixty-two percent of the new single-family homes sold in July were under $300,000, down from 64 percent in June.

In July of last year, the median sales price of a new home was 7.7 percent lower at $237,400, while the average sales price was 12.5 percent lower at $282,300.

All four of the national regions posted decline in seasonally adjusted monthly sales led by a 16.1 percent drop in the West, followed by a decline of 13.4 percent in the South.

The Midwest reported a decline of 12.9 percent while the Northeast posted a decline in sales of 5.7 percent.

Compared to a year ago, two of the four regions showed an improvement with the South posting the largest increase of 16.4 percent followed by the Northeast at 10.0 percent.

The West suffered the only decline of 7.8 percent while the Midwest remained unchanged from a year ago.

Inventory continued to outpace sales with new single-family homes increasing to a seasonally adjusted 171,000 homes available for sale, which translates into a 5.2 months supply of inventory.

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

Source:
Census Bureau

Reported by Chris Moore

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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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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.
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New single-family home sales took a dive from June to July but still remained above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes fell 13.4 percent in July to a seasonally adjusted rate of 394,000, down from a revised sales rate of 455,000 in June. On an unadjusted basis, new home sales plummeted by 18.6 percent from the previous month.

The seasonally adjusted rate of sales in July was still 6.8 percent higher than the estimated sales rate of 369,000 units in July of 2012. Sales were 6.1 percent higher than in July of last year on an unadjusted basis.

The median sales price of the new homes sold in July was $257,200, which was down slightly from a revised $258,500 in June. The average sales price for a new home in July was $322,700, up from a revised $302,200 in June.

Sixty-two percent of the new single-family homes sold in July were under $300,000, down from 64 percent in June.

In July of last year, the median sales price of a new home was 7.7 percent lower at $237,400, while the average sales price was 12.5 percent lower at $282,300.

All four of the national regions posted decline in seasonally adjusted monthly sales led by a 16.1 percent drop in the West, followed by a decline of 13.4 percent in the South.

The Midwest reported a decline of 12.9 percent while the Northeast posted a decline in sales of 5.7 percent.

Compared to a year ago, two of the four regions showed an improvement with the South posting the largest increase of 16.4 percent followed by the Northeast at 10.0 percent.

The West suffered the only decline of 7.8 percent while the Midwest remained unchanged from a year ago.

Inventory continued to outpace sales with new single-family homes increasing to a seasonally adjusted 171,000 homes available for sale, which translates into a 5.2 months supply of inventory.

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

Source:
Census Bureau

Reported by Chris Moore

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

New single-family home sales took a dive from June to July but still remained above last year’s pace according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes fell 13.4 percent in July to a seasonally adjusted rate of 394,000, down from a revised sales rate of 455,000 in June. On an unadjusted basis, new home sales plummeted by 18.6 percent from the previous month.

The seasonally adjusted rate of sales in July was still 6.8 percent higher than the estimated sales rate of 369,000 units in July of 2012. Sales were 6.1 percent higher than in July of last year on an unadjusted basis.

The median sales price of the new homes sold in July was $257,200, which was down slightly from a revised $258,500 in June. The average sales price for a new home in July was $322,700, up from a revised $302,200 in June.

Sixty-two percent of the new single-family homes sold in July were under $300,000, down from 64 percent in June.

In July of last year, the median sales price of a new home was 7.7 percent lower at $237,400, while the average sales price was 12.5 percent lower at $282,300.

All four of the national regions posted decline in seasonally adjusted monthly sales led by a 16.1 percent drop in the West, followed by a decline of 13.4 percent in the South.

The Midwest reported a decline of 12.9 percent while the Northeast posted a decline in sales of 5.7 percent.

Compared to a year ago, two of the four regions showed an improvement with the South posting the largest increase of 16.4 percent followed by the Northeast at 10.0 percent.

The West suffered the only decline of 7.8 percent while the Midwest remained unchanged from a year ago.

Inventory continued to outpace sales with new single-family homes increasing to a seasonally adjusted 171,000 homes available for sale, which translates into a 5.2 months supply of inventory.

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

Source:
Census Bureau

Reported by Chris Moore

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