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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.
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Phoenix Home Prices Up Almost 15 Percent Since August
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 Home Prices Up Almost 15 Percent Since August
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 Home Prices Up Almost 15 Percent Since August

May 16, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area increased in March, though they still weren’t strong enough to beat last year’s tally, while home prices continued to recover, increasing by almost 15 percent since last August, according to the latest housing data released from DataQuick.

A total of 10,005 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in March. Sales were 22.2 percent higher than the 8,189 homes sold in February but were still 2.7 percent lower than the 10,279 homes sold in March of 2011.

Home sales typically increase 29.4 percent between February and March and were 4.1 percent below the average number of homes typically sold in March.

New homes sales were 27.1 percent higher than in the same month last year, their highest since March 2009, but were still well below what is average for the month. Sales of existing homes were 12.6 percent higher than the March average.

Cash buyers accounted for 44.8 percent of all purchases in March, down from 45.5 percent in February and down from 45.4 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 $112,000 in March, which was up from $101,000 in February and $88,500 in March of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 46.1 percent of all homes sold in March, up from 43.3 percent in February. The prices they paid for their purchases increased to $116,900 from $102,000 in February and were up from $100,000 in March of 2011.

The overall median price paid for new and resale homes and condos in March was $135,000, up from $128,000 in February and up from $120,000 in March 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 48.5 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 14.8 percent since August 2011, which is when prices in the area reached its post-peak trough.

Distressed property sales accounted for 45.1 percent of the re-sale market in March, with foreclosure sales accounting for 31.8 percent of all re-sales, down from 34.3 percent in February, and short sales accounting for 13.3 percent of all re-sales, down from 15.6 percent in February. Distressed property sales were at their lowest level since April 2008.

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 16, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area increased in March, though they still weren’t strong enough to beat last year’s tally, while home prices continued to recover, increasing by almost 15 percent since last August, according to the latest housing data released from DataQuick.

A total of 10,005 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in March. Sales were 22.2 percent higher than the 8,189 homes sold in February but were still 2.7 percent lower than the 10,279 homes sold in March of 2011.

Home sales typically increase 29.4 percent between February and March and were 4.1 percent below the average number of homes typically sold in March.

New homes sales were 27.1 percent higher than in the same month last year, their highest since March 2009, but were still well below what is average for the month. Sales of existing homes were 12.6 percent higher than the March average.

Cash buyers accounted for 44.8 percent of all purchases in March, down from 45.5 percent in February and down from 45.4 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 $112,000 in March, which was up from $101,000 in February and $88,500 in March of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 46.1 percent of all homes sold in March, up from 43.3 percent in February. The prices they paid for their purchases increased to $116,900 from $102,000 in February and were up from $100,000 in March of 2011.

The overall median price paid for new and resale homes and condos in March was $135,000, up from $128,000 in February and up from $120,000 in March 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 48.5 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 14.8 percent since August 2011, which is when prices in the area reached its post-peak trough.

Distressed property sales accounted for 45.1 percent of the re-sale market in March, with foreclosure sales accounting for 31.8 percent of all re-sales, down from 34.3 percent in February, and short sales accounting for 13.3 percent of all re-sales, down from 15.6 percent in February. Distressed property sales were at their lowest level since April 2008.

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 16, 2012 (Shirley Allen)

Monthly sales of new and resale homes in the Phoenix area increased in March, though they still weren’t strong enough to beat last year’s tally, while home prices continued to recover, increasing by almost 15 percent since last August, according to the latest housing data released from DataQuick.

A total of 10,005 new and existing homes and condos closed escrow in the Maricopa-Pinal counties area in March. Sales were 22.2 percent higher than the 8,189 homes sold in February but were still 2.7 percent lower than the 10,279 homes sold in March of 2011.

Home sales typically increase 29.4 percent between February and March and were 4.1 percent below the average number of homes typically sold in March.

New homes sales were 27.1 percent higher than in the same month last year, their highest since March 2009, but were still well below what is average for the month. Sales of existing homes were 12.6 percent higher than the March average.

Cash buyers accounted for 44.8 percent of all purchases in March, down from 45.5 percent in February and down from 45.4 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 $112,000 in March, which was up from $101,000 in February and $88,500 in March of 2011.

Absentee buyers, usually investors and vacation home buyers, accounted for 46.1 percent of all homes sold in March, up from 43.3 percent in February. The prices they paid for their purchases increased to $116,900 from $102,000 in February and were up from $100,000 in March of 2011.

The overall median price paid for new and resale homes and condos in March was $135,000, up from $128,000 in February and up from $120,000 in March 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 48.5 percent below the peak median price of $264,100 in June 2006, however, prices have improved by 14.8 percent since August 2011, which is when prices in the area reached its post-peak trough.

Distressed property sales accounted for 45.1 percent of the re-sale market in March, with foreclosure sales accounting for 31.8 percent of all re-sales, down from 34.3 percent in February, and short sales accounting for 13.3 percent of all re-sales, down from 15.6 percent in February. Distressed property sales were at their lowest level since April 2008.

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