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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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Phoenix Area Primed for Housing Recovery
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Phoenix Area Primed for Housing Recovery
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
Phoenix Area Primed for Housing Recovery

May 25, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell in April but home prices rose to their highest level since November 2009 as low housing inventories and a sharp drop in foreclosure re-sales puts the area on firm footing for a housing recovery according to the latest housing data released from DataQuick.

A total of 9,450 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in April. Sales were 6.0 percent lower than the 10,005 homes sold in March and 3.0 percent lower than the 9,745 homes sold in April of 2011.

Home sales typically increase about one percent between March and April and were 2.3 percent below the average number of homes typically sold in April.

New homes sales were 40.3 percent higher than in the same month last year, their highest since 2008, but were still well below what is average for the month. Sales of existing homes were 5.5 percent higher than the April average.

Cash buyers accounted for 45.0 percent of all purchases in April, unchanged from March and up from 44.5 percent a year earlier. The record for cash purchases was in February 2011, when 48 percent of the sales were for cash.

The price that cash buyers paid for their purchases increased to $120,000 in April, which was up from $112,500 in March and $91,900 in April of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.2 percent of all homes sold in April, down from 46.2 percent in March. The prices they paid for their purchases increased to $119,000 from $117,500 in March and were up from $99,000 in April of 2011.

The overall median price paid for new and resale homes and condos in April was $142,000, up from $136,500 in March and up from $120,000 in April of last year. It was the fifth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 46.2 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 20.0 percent since August 2011, which is when prices in the area reached its post-peak trough, and are at their highest level in 29 m onths.

Distressed property sales accounted for 39.0 percent of the re-sale market in April, with foreclosure sales accounting for 26.6 percent of all re-sales, down from 31.7 percent in March, and short sales accounting for 12.4 percent of all re-sales, down from 13.3 percent in March. Foreclosure re-sales peaked in March 2009 at 66.2 percent of all re-sales.

Tags: existing home sales, Phoenix, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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

May 25, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell in April but home prices rose to their highest level since November 2009 as low housing inventories and a sharp drop in foreclosure re-sales puts the area on firm footing for a housing recovery according to the latest housing data released from DataQuick.

A total of 9,450 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in April. Sales were 6.0 percent lower than the 10,005 homes sold in March and 3.0 percent lower than the 9,745 homes sold in April of 2011.

Home sales typically increase about one percent between March and April and were 2.3 percent below the average number of homes typically sold in April.

New homes sales were 40.3 percent higher than in the same month last year, their highest since 2008, but were still well below what is average for the month. Sales of existing homes were 5.5 percent higher than the April average.

Cash buyers accounted for 45.0 percent of all purchases in April, unchanged from March and up from 44.5 percent a year earlier. The record for cash purchases was in February 2011, when 48 percent of the sales were for cash.

The price that cash buyers paid for their purchases increased to $120,000 in April, which was up from $112,500 in March and $91,900 in April of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.2 percent of all homes sold in April, down from 46.2 percent in March. The prices they paid for their purchases increased to $119,000 from $117,500 in March and were up from $99,000 in April of 2011.

The overall median price paid for new and resale homes and condos in April was $142,000, up from $136,500 in March and up from $120,000 in April of last year. It was the fifth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 46.2 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 20.0 percent since August 2011, which is when prices in the area reached its post-peak trough, and are at their highest level in 29 m onths.

Distressed property sales accounted for 39.0 percent of the re-sale market in April, with foreclosure sales accounting for 26.6 percent of all re-sales, down from 31.7 percent in March, and short sales accounting for 12.4 percent of all re-sales, down from 13.3 percent in March. Foreclosure re-sales peaked in March 2009 at 66.2 percent of all re-sales.

Tags: existing home sales, Phoenix, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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

May 25, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area fell in April but home prices rose to their highest level since November 2009 as low housing inventories and a sharp drop in foreclosure re-sales puts the area on firm footing for a housing recovery according to the latest housing data released from DataQuick.

A total of 9,450 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in April. Sales were 6.0 percent lower than the 10,005 homes sold in March and 3.0 percent lower than the 9,745 homes sold in April of 2011.

Home sales typically increase about one percent between March and April and were 2.3 percent below the average number of homes typically sold in April.

New homes sales were 40.3 percent higher than in the same month last year, their highest since 2008, but were still well below what is average for the month. Sales of existing homes were 5.5 percent higher than the April average.

Cash buyers accounted for 45.0 percent of all purchases in April, unchanged from March and up from 44.5 percent a year earlier. The record for cash purchases was in February 2011, when 48 percent of the sales were for cash.

The price that cash buyers paid for their purchases increased to $120,000 in April, which was up from $112,500 in March and $91,900 in April of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.2 percent of all homes sold in April, down from 46.2 percent in March. The prices they paid for their purchases increased to $119,000 from $117,500 in March and were up from $99,000 in April of 2011.

The overall median price paid for new and resale homes and condos in April was $142,000, up from $136,500 in March and up from $120,000 in April of last year. It was the fifth consecutive month that home prices have increased year-over-year following 17 months of declines.

The current median price is 46.2 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 20.0 percent since August 2011, which is when prices in the area reached its post-peak trough, and are at their highest level in 29 m onths.

Distressed property sales accounted for 39.0 percent of the re-sale market in April, with foreclosure sales accounting for 26.6 percent of all re-sales, down from 31.7 percent in March, and short sales accounting for 12.4 percent of all re-sales, down from 13.3 percent in March. Foreclosure re-sales peaked in March 2009 at 66.2 percent of all re-sales.

Tags: existing home sales, Phoenix, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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