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New Home Sales Up 5% in November
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 Up 5% in November
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 Up 5% in November

December 24 2010 (Brian Moore)
new-home-images
The Department of Housing and Urban Development (HUD) and the U.S. Census Bureau reported that sales of new homes increased by 5 percent in November 2010 compared to October. New home sales rose to an annualized rate of 290,000 units from 275,000 units in October.

The information for the survey is based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or a sales agreement signed, this can occur prior to a permit being issued. It also accounts for why this data is usually adjusted every month.

Analysts were expecting the number of units sold to be 300,000, but feel that the amount sold is not outside a reasonable deviation, especially considering the amount of competition new homes face against an increasing amount of lower priced distressed properties entering the housing market.

The number of new homes sold is still far below the 368,000 homes sold in November 2009.

The one bright spot of the report is that the median sales price for new house sold in November was $213,000, up from $197,200 in October, but still 2.7 percent lower than November 2009’s median sales price of $218,000.

Analysts also noted that new home inventory is at a near record low which should make it easier to knock down the current 8.2 months supply of inventory down when sales start to pick up.

Tags: hud, new home sales, median sales price, new home inventory, housing market, distressed properties

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
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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
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

December 24 2010 (Brian Moore)
new-home-images
The Department of Housing and Urban Development (HUD) and the U.S. Census Bureau reported that sales of new homes increased by 5 percent in November 2010 compared to October. New home sales rose to an annualized rate of 290,000 units from 275,000 units in October.

The information for the survey is based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or a sales agreement signed, this can occur prior to a permit being issued. It also accounts for why this data is usually adjusted every month.

Analysts were expecting the number of units sold to be 300,000, but feel that the amount sold is not outside a reasonable deviation, especially considering the amount of competition new homes face against an increasing amount of lower priced distressed properties entering the housing market.

The number of new homes sold is still far below the 368,000 homes sold in November 2009.

The one bright spot of the report is that the median sales price for new house sold in November was $213,000, up from $197,200 in October, but still 2.7 percent lower than November 2009’s median sales price of $218,000.

Analysts also noted that new home inventory is at a near record low which should make it easier to knock down the current 8.2 months supply of inventory down when sales start to pick up.

Tags: hud, new home sales, median sales price, new home inventory, housing market, distressed properties

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

December 24 2010 (Brian Moore)
new-home-images
The Department of Housing and Urban Development (HUD) and the U.S. Census Bureau reported that sales of new homes increased by 5 percent in November 2010 compared to October. New home sales rose to an annualized rate of 290,000 units from 275,000 units in October.

The information for the survey is based on a sample of houses selected from building permits. Since a “sale” is defined as a deposit taken or a sales agreement signed, this can occur prior to a permit being issued. It also accounts for why this data is usually adjusted every month.

Analysts were expecting the number of units sold to be 300,000, but feel that the amount sold is not outside a reasonable deviation, especially considering the amount of competition new homes face against an increasing amount of lower priced distressed properties entering the housing market.

The number of new homes sold is still far below the 368,000 homes sold in November 2009.

The one bright spot of the report is that the median sales price for new house sold in November was $213,000, up from $197,200 in October, but still 2.7 percent lower than November 2009’s median sales price of $218,000.

Analysts also noted that new home inventory is at a near record low which should make it easier to knock down the current 8.2 months supply of inventory down when sales start to pick up.

Tags: hud, new home sales, median sales price, new home inventory, housing market, distressed properties

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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