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New Home Sales Rebound in July, Prices Dip
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 Rebound in July, Prices Dip
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 Rebound in July, Prices Dip

August 24, 2012 (Chris Moore)

New single-family home sales bounced back in July after June’s 3.5 percent decline while home prices went in the opposite direction, falling from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 3.6 percent in July to a seasonally adjusted rate of 372,000, up from a sales rate of 359,000 in June. On an unadjusted basis, new home sales remained unchanged from the previous month.

The rate of sales in July was 15.1 percent higher than the estimated sales rate of 297,000 units in July of 2011. Sales were also 20.7 percent higher than in July of last year on an unadjusted basis. Through the end of July, new home sales are 20.8 percent higher than at the same time last year.

The median sales price of the new homes sold in July was $224,200, which was down from a revised $229,100 in June. The average sales price for a new home in July was $263,200, down from a revised $266,900 in June.

Seventy-one percent of the new single-family homes sold in July were under $300,000, unchanged from June.

In July of last year, the median sales price of a new home was 2.5 percent higher at $229,900, while the average sales price was 2.3 percent higher at $270,300.

Two of the four national regions posted declines in seasonally adjusted monthly sales led by a 1.6 percent decline in the South, followed by a 0.9 percent decline in the West.

The Northeast reported a 76.5 increase in new home sales while the Midwest posted a 7.7 percent increase.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 68.3 percent followed by the Northeast at 30.4 percent while the Midwest and the South reported increases of 21.7 and 9.1 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 142,000 homes available for sale, which translates into a 4.6 months supply of inventory, down from a revised 4.8 months supply the previous month.

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.
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
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
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YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 24, 2012 (Chris Moore)

New single-family home sales bounced back in July after June’s 3.5 percent decline while home prices went in the opposite direction, falling from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 3.6 percent in July to a seasonally adjusted rate of 372,000, up from a sales rate of 359,000 in June. On an unadjusted basis, new home sales remained unchanged from the previous month.

The rate of sales in July was 15.1 percent higher than the estimated sales rate of 297,000 units in July of 2011. Sales were also 20.7 percent higher than in July of last year on an unadjusted basis. Through the end of July, new home sales are 20.8 percent higher than at the same time last year.

The median sales price of the new homes sold in July was $224,200, which was down from a revised $229,100 in June. The average sales price for a new home in July was $263,200, down from a revised $266,900 in June.

Seventy-one percent of the new single-family homes sold in July were under $300,000, unchanged from June.

In July of last year, the median sales price of a new home was 2.5 percent higher at $229,900, while the average sales price was 2.3 percent higher at $270,300.

Two of the four national regions posted declines in seasonally adjusted monthly sales led by a 1.6 percent decline in the South, followed by a 0.9 percent decline in the West.

The Northeast reported a 76.5 increase in new home sales while the Midwest posted a 7.7 percent increase.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 68.3 percent followed by the Northeast at 30.4 percent while the Midwest and the South reported increases of 21.7 and 9.1 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 142,000 homes available for sale, which translates into a 4.6 months supply of inventory, down from a revised 4.8 months supply the previous month.

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

August 24, 2012 (Chris Moore)

New single-family home sales bounced back in July after June’s 3.5 percent decline while home prices went in the opposite direction, falling from both the previous month and the previous year according to the latest housing data released by the Census Bureau.

Sales of new single-family homes increased 3.6 percent in July to a seasonally adjusted rate of 372,000, up from a sales rate of 359,000 in June. On an unadjusted basis, new home sales remained unchanged from the previous month.

The rate of sales in July was 15.1 percent higher than the estimated sales rate of 297,000 units in July of 2011. Sales were also 20.7 percent higher than in July of last year on an unadjusted basis. Through the end of July, new home sales are 20.8 percent higher than at the same time last year.

The median sales price of the new homes sold in July was $224,200, which was down from a revised $229,100 in June. The average sales price for a new home in July was $263,200, down from a revised $266,900 in June.

Seventy-one percent of the new single-family homes sold in July were under $300,000, unchanged from June.

In July of last year, the median sales price of a new home was 2.5 percent higher at $229,900, while the average sales price was 2.3 percent higher at $270,300.

Two of the four national regions posted declines in seasonally adjusted monthly sales led by a 1.6 percent decline in the South, followed by a 0.9 percent decline in the West.

The Northeast reported a 76.5 increase in new home sales while the Midwest posted a 7.7 percent increase.

Compared to a year ago, all four of the regions showed improvement with the West posting the largest increase of 68.3 percent followed by the Northeast at 30.4 percent while the Midwest and the South reported increases of 21.7 and 9.1 percent, respectively.

Inventory of new single-family homes fell to a seasonally adjusted 142,000 homes available for sale, which translates into a 4.6 months supply of inventory, down from a revised 4.8 months supply the previous month.

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
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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