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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.
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New Home Sales Surprise in September
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 Surprise in September
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 Surprise in September

October 26, 2011 (Chris Moore)

Sales of new single-family homes increased in September after four consecutive months of summer declines according to the latest housing data released by the Census Bureau. Despite the surprise gain in September, new home sales remain 20,000 sales behind last year, which was the worst year on record.

Sales of new homes increased 5.7 percent from August to September at a seasonally adjusted rate of 313,000, up from a revised rate of 296,000 in August. The seasonally adjusted rate in August was revised upward from 295,000.

New single-family home sales had fallen to an all-time low sales rate of 279,000 in February and were followed by gains in March and April, but then declined throughout the summer months.

The sales rate in September was 0.9 percent lower than the estimated sales rate of 316,000 units in September of 2010.

The median sales price of the new homes sold in September was $204,400, which was down from $209,100 in August. The average sales price for a new home in September was $243,900, down from $246,000 in August. Eighty-two percent of the new single-family homes sold in September were under $300,000.

Prices are also below last years levels with the median home price in September of last year being $228,000 and the average sales price being $270,800.

Last year was the worst year on record for new single-family home sales with only 323,000 homes sold. At the end of September last year, 256,000 new single-family homes had been sold. Through the end of September this year, 236,000 new homes have been sold, a decline of 7.9 percent.

Year-to-date, sales are 29.7 percent lower in the Northeast, 9.7 percent lower in the Midwest, 4.1 percent lower in the South, and in the West, sales are 6.1 percent lower than they were during the same period last year.

Two of the four regions posted increases in seasonally adjusted monthly sales with the South and West posting gains of 11.2 and 9.7 percent, respectively, and the Northeast and the Midwest posted declines of 4.2 and 12.2 percent, respectively.

Compared to a year ago, only the South region posted a gain in seasonally adjusted sales, with an increase of 9.8 percent, while the West remained unchanged. The Northeast and the Midwest posted declines of 34.3 and 14.0 percent, respectively, in annual new home sales.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 163,000 homes available for sale, which translates into a 6.2 months supply of inventory.

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

Source:
Census Bureau

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.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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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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October 26, 2011 (Chris Moore)

Sales of new single-family homes increased in September after four consecutive months of summer declines according to the latest housing data released by the Census Bureau. Despite the surprise gain in September, new home sales remain 20,000 sales behind last year, which was the worst year on record.

Sales of new homes increased 5.7 percent from August to September at a seasonally adjusted rate of 313,000, up from a revised rate of 296,000 in August. The seasonally adjusted rate in August was revised upward from 295,000.

New single-family home sales had fallen to an all-time low sales rate of 279,000 in February and were followed by gains in March and April, but then declined throughout the summer months.

The sales rate in September was 0.9 percent lower than the estimated sales rate of 316,000 units in September of 2010.

The median sales price of the new homes sold in September was $204,400, which was down from $209,100 in August. The average sales price for a new home in September was $243,900, down from $246,000 in August. Eighty-two percent of the new single-family homes sold in September were under $300,000.

Prices are also below last years levels with the median home price in September of last year being $228,000 and the average sales price being $270,800.

Last year was the worst year on record for new single-family home sales with only 323,000 homes sold. At the end of September last year, 256,000 new single-family homes had been sold. Through the end of September this year, 236,000 new homes have been sold, a decline of 7.9 percent.

Year-to-date, sales are 29.7 percent lower in the Northeast, 9.7 percent lower in the Midwest, 4.1 percent lower in the South, and in the West, sales are 6.1 percent lower than they were during the same period last year.

Two of the four regions posted increases in seasonally adjusted monthly sales with the South and West posting gains of 11.2 and 9.7 percent, respectively, and the Northeast and the Midwest posted declines of 4.2 and 12.2 percent, respectively.

Compared to a year ago, only the South region posted a gain in seasonally adjusted sales, with an increase of 9.8 percent, while the West remained unchanged. The Northeast and the Midwest posted declines of 34.3 and 14.0 percent, respectively, in annual new home sales.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 163,000 homes available for sale, which translates into a 6.2 months supply of inventory.

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

Source:
Census Bureau

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

October 26, 2011 (Chris Moore)

Sales of new single-family homes increased in September after four consecutive months of summer declines according to the latest housing data released by the Census Bureau. Despite the surprise gain in September, new home sales remain 20,000 sales behind last year, which was the worst year on record.

Sales of new homes increased 5.7 percent from August to September at a seasonally adjusted rate of 313,000, up from a revised rate of 296,000 in August. The seasonally adjusted rate in August was revised upward from 295,000.

New single-family home sales had fallen to an all-time low sales rate of 279,000 in February and were followed by gains in March and April, but then declined throughout the summer months.

The sales rate in September was 0.9 percent lower than the estimated sales rate of 316,000 units in September of 2010.

The median sales price of the new homes sold in September was $204,400, which was down from $209,100 in August. The average sales price for a new home in September was $243,900, down from $246,000 in August. Eighty-two percent of the new single-family homes sold in September were under $300,000.

Prices are also below last years levels with the median home price in September of last year being $228,000 and the average sales price being $270,800.

Last year was the worst year on record for new single-family home sales with only 323,000 homes sold. At the end of September last year, 256,000 new single-family homes had been sold. Through the end of September this year, 236,000 new homes have been sold, a decline of 7.9 percent.

Year-to-date, sales are 29.7 percent lower in the Northeast, 9.7 percent lower in the Midwest, 4.1 percent lower in the South, and in the West, sales are 6.1 percent lower than they were during the same period last year.

Two of the four regions posted increases in seasonally adjusted monthly sales with the South and West posting gains of 11.2 and 9.7 percent, respectively, and the Northeast and the Midwest posted declines of 4.2 and 12.2 percent, respectively.

Compared to a year ago, only the South region posted a gain in seasonally adjusted sales, with an increase of 9.8 percent, while the West remained unchanged. The Northeast and the Midwest posted declines of 34.3 and 14.0 percent, respectively, in annual new home sales.

Inventory of new single-family homes remained relatively balanced by historic standards with a seasonally adjusted 163,000 homes available for sale, which translates into a 6.2 months supply of inventory.

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

Source:
Census Bureau

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