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Number of Homes For Sale Grows In May; Prices Drop
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
Number of Homes For Sale Grows In May; Prices Drop
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
Number of Homes For Sale Grows In May; Prices Drop

June 20, 2011 (Jeff Alan)

As should be expected for this time of the year, the number of homes listed for sale in May increased by 3.5 percent compared to April to a total of 2.3 million listings, however, what wouldn’t be expected during the normally busy spring selling season is a 1.6 percent month-over-month price drop, but according to the latest data released by Realtor.com that’s exactly what happened.

With home prices finally starting to show a little resiliency and strength the last two months, and with some recent indices actually showing price increases, this month’s data definitely shows that these are not normal times and that we should expect an up and down housing market for some time to come.

The median sales price for a home in May 2011 was $188,900, which is down from the median price of $191,900 in April, and was 2 percent lower than the median price of $192,900 in May of 2010.

The area with the largest drop in median home prices was the Santa Barbara-Santa Maria-Lompoc, CA area where median prices dropped 26.9 percent in May compared to April.

The area with the largest increase in the median price was the Fort Myers-Cape Coral, FL area where the median price increased 27.3 percent from April to May.

The average list price for a home in May was $312,189, which was 4 percent lower than April, and 2.2 percent lower than May 2010.

Although overall housing inventory showed a month-over-month increase, the number of homes listed for sale was 14.3 percent lower than in May of last year.

The number of days that a home spent on the market was down to 92, which was a 3.2 percent drop from April, but was still 4.6 percent higher than a year ago.

Realtor.com is the official website for the National Association of Realtors (NAR) and they will be releasing their Existing Home Sales report tomorrow. It should be interesting to see what they have to say!

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.
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June 20, 2011 (Jeff Alan)

As should be expected for this time of the year, the number of homes listed for sale in May increased by 3.5 percent compared to April to a total of 2.3 million listings, however, what wouldn’t be expected during the normally busy spring selling season is a 1.6 percent month-over-month price drop, but according to the latest data released by Realtor.com that’s exactly what happened.

With home prices finally starting to show a little resiliency and strength the last two months, and with some recent indices actually showing price increases, this month’s data definitely shows that these are not normal times and that we should expect an up and down housing market for some time to come.

The median sales price for a home in May 2011 was $188,900, which is down from the median price of $191,900 in April, and was 2 percent lower than the median price of $192,900 in May of 2010.

The area with the largest drop in median home prices was the Santa Barbara-Santa Maria-Lompoc, CA area where median prices dropped 26.9 percent in May compared to April.

The area with the largest increase in the median price was the Fort Myers-Cape Coral, FL area where the median price increased 27.3 percent from April to May.

The average list price for a home in May was $312,189, which was 4 percent lower than April, and 2.2 percent lower than May 2010.

Although overall housing inventory showed a month-over-month increase, the number of homes listed for sale was 14.3 percent lower than in May of last year.

The number of days that a home spent on the market was down to 92, which was a 3.2 percent drop from April, but was still 4.6 percent higher than a year ago.

Realtor.com is the official website for the National Association of Realtors (NAR) and they will be releasing their Existing Home Sales report tomorrow. It should be interesting to see what they have to say!

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

June 20, 2011 (Jeff Alan)

As should be expected for this time of the year, the number of homes listed for sale in May increased by 3.5 percent compared to April to a total of 2.3 million listings, however, what wouldn’t be expected during the normally busy spring selling season is a 1.6 percent month-over-month price drop, but according to the latest data released by Realtor.com that’s exactly what happened.

With home prices finally starting to show a little resiliency and strength the last two months, and with some recent indices actually showing price increases, this month’s data definitely shows that these are not normal times and that we should expect an up and down housing market for some time to come.

The median sales price for a home in May 2011 was $188,900, which is down from the median price of $191,900 in April, and was 2 percent lower than the median price of $192,900 in May of 2010.

The area with the largest drop in median home prices was the Santa Barbara-Santa Maria-Lompoc, CA area where median prices dropped 26.9 percent in May compared to April.

The area with the largest increase in the median price was the Fort Myers-Cape Coral, FL area where the median price increased 27.3 percent from April to May.

The average list price for a home in May was $312,189, which was 4 percent lower than April, and 2.2 percent lower than May 2010.

Although overall housing inventory showed a month-over-month increase, the number of homes listed for sale was 14.3 percent lower than in May of last year.

The number of days that a home spent on the market was down to 92, which was a 3.2 percent drop from April, but was still 4.6 percent higher than a year ago.

Realtor.com is the official website for the National Association of Realtors (NAR) and they will be releasing their Existing Home Sales report tomorrow. It should be interesting to see what they have to say!

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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