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New Home Sales Soar in October
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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New Home Sales Soar in October
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 Soar in October

New single-family home sales surprised in October, jumping to the same levels seen during the spring/summer selling season according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 25.4 percent in October to a seasonally adjusted rate of 444,000, up from a revised sales rate of 354,000 in September. On an unadjusted basis, new home sales were up 29.6 percent from the previous month.

The seasonally adjusted rate of sales in October was 21.6 percent higher than the estimated sales rate of 365,000 units in October of 2012. Sales were 20.7 percent higher than in October of last year on an unadjusted basis.

The median sales price of the new homes sold in October was $245,800, which was down from a revised $257,400 in September. The average sales price for a new home in October was $321,700, up from a revised $313,900 in September.

Sixty-four percent of the new single-family homes sold in October were under $300,000, up from 61 percent in September.

In October of last year, the median sales price of a new home was 0.6 percent higher at $247,200, while the average sales price was 9.1 percent lower at $285,400.

All four of the national regions posted an increase in seasonally adjusted monthly sales led by a 34.0 percent gain in the Midwest followed by a 28.2 percent increase in the South.

The Northeast reported an increase of 19.2 percent while the West posted an increase of 15.2 percent.

Compared to a year ago, three of the four regions showed an improvement with the South posting the largest increase of 41.5 percent followed by the Northeast at 29.2 percent.

The Midwest posted a gain of 21.2 percent while sales in the West tumbled 14.2 percent from a year ago.

Inventory declined for the first time in ten months with new single-family homes falling to a seasonally adjusted 183,000 properties available for sale, down from 190,000 the previous month, which translates into a 4.9 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.
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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.
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New single-family home sales surprised in October, jumping to the same levels seen during the spring/summer selling season according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 25.4 percent in October to a seasonally adjusted rate of 444,000, up from a revised sales rate of 354,000 in September. On an unadjusted basis, new home sales were up 29.6 percent from the previous month.

The seasonally adjusted rate of sales in October was 21.6 percent higher than the estimated sales rate of 365,000 units in October of 2012. Sales were 20.7 percent higher than in October of last year on an unadjusted basis.

The median sales price of the new homes sold in October was $245,800, which was down from a revised $257,400 in September. The average sales price for a new home in October was $321,700, up from a revised $313,900 in September.

Sixty-four percent of the new single-family homes sold in October were under $300,000, up from 61 percent in September.

In October of last year, the median sales price of a new home was 0.6 percent higher at $247,200, while the average sales price was 9.1 percent lower at $285,400.

All four of the national regions posted an increase in seasonally adjusted monthly sales led by a 34.0 percent gain in the Midwest followed by a 28.2 percent increase in the South.

The Northeast reported an increase of 19.2 percent while the West posted an increase of 15.2 percent.

Compared to a year ago, three of the four regions showed an improvement with the South posting the largest increase of 41.5 percent followed by the Northeast at 29.2 percent.

The Midwest posted a gain of 21.2 percent while sales in the West tumbled 14.2 percent from a year ago.

Inventory declined for the first time in ten months with new single-family homes falling to a seasonally adjusted 183,000 properties available for sale, down from 190,000 the previous month, which translates into a 4.9 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 surprised in October, jumping to the same levels seen during the spring/summer selling season according to the latest housing data released by the Census Bureau.

Monthly sales of new single-family homes increased 25.4 percent in October to a seasonally adjusted rate of 444,000, up from a revised sales rate of 354,000 in September. On an unadjusted basis, new home sales were up 29.6 percent from the previous month.

The seasonally adjusted rate of sales in October was 21.6 percent higher than the estimated sales rate of 365,000 units in October of 2012. Sales were 20.7 percent higher than in October of last year on an unadjusted basis.

The median sales price of the new homes sold in October was $245,800, which was down from a revised $257,400 in September. The average sales price for a new home in October was $321,700, up from a revised $313,900 in September.

Sixty-four percent of the new single-family homes sold in October were under $300,000, up from 61 percent in September.

In October of last year, the median sales price of a new home was 0.6 percent higher at $247,200, while the average sales price was 9.1 percent lower at $285,400.

All four of the national regions posted an increase in seasonally adjusted monthly sales led by a 34.0 percent gain in the Midwest followed by a 28.2 percent increase in the South.

The Northeast reported an increase of 19.2 percent while the West posted an increase of 15.2 percent.

Compared to a year ago, three of the four regions showed an improvement with the South posting the largest increase of 41.5 percent followed by the Northeast at 29.2 percent.

The Midwest posted a gain of 21.2 percent while sales in the West tumbled 14.2 percent from a year ago.

Inventory declined for the first time in ten months with new single-family homes falling to a seasonally adjusted 183,000 properties available for sale, down from 190,000 the previous month, which translates into a 4.9 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