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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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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 Sales Cool Off
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
Phoenix Home Sales Cool Off
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 Sales Cool Off

August 24, 2011 (Shirley Allen)

Existing home sales in the Phoenix area cooled off in July after a robust June but sales were still substantially higher than in July of last year when home sales posted a dramatic drop following the end of the home buyer tax credit according to real estate information provider DataQuick.

A total of 9,050 new and resale houses and condos closed escrow in the Maricopa-Pinal counties area in July. Sales were 13.2 percent lower than the 10,537 homes sold in June, but 18.9 percent higher than the amount of homes sold in July of 2010.

Existing home sales typically drop 7.1 percent between June and July.

New home sales continued to be the weak link, accounting for only 648 of the total sales, down from 796 new home sales in June and the second lowest level of new home sales for a July in 14 years.

Existing single-family detached homes and condos made up 8,402 of the total sales last month, 20.6 percent more than last year and 8.7 percent higher than the average for July. It was the second highest amount of existing homes sold for a July since 2005, only surpassed by July of 2009.

Cash buyers were responsible for 40.3 percent of the purchases in July, which was down slightly from 40.6 percent in June, but up from 37.6 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 are paying continues to decline as the median price paid by a cash buyer in July was $86,000, which is down from $88,700 in June and down from $100,000 in July 2010.

Absentee buyers, usually investors and vacation home buyers, accounted for 45.4 percent of all homes sold in July and they paid a median average price of $98,010 during the month, down from $100,00 in June.

The overall median price paid for new and resale homes and condos in July was $120,000, which was down from $122,900 in June and 9.1 percent below July of last year.

The current median price is 54.6 percent below the peak median price of $264,100 in July 2006 and has fallen year-over-year for the last 14 consecutive months.

Distressed sales represented 63.8 percent of the resale market in July as foreclosures accounted for 49.8 percent of the distressed sales and short sales accounted for 14.0 percent of the distressed sales.

Foreclosures fell sharply in July, declining 22.3 percent from June. Foreclosures were down 34.6 percent from July of 2010.

Tags: DataQuick, 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

August 24, 2011 (Shirley Allen)

Existing home sales in the Phoenix area cooled off in July after a robust June but sales were still substantially higher than in July of last year when home sales posted a dramatic drop following the end of the home buyer tax credit according to real estate information provider DataQuick.

A total of 9,050 new and resale houses and condos closed escrow in the Maricopa-Pinal counties area in July. Sales were 13.2 percent lower than the 10,537 homes sold in June, but 18.9 percent higher than the amount of homes sold in July of 2010.

Existing home sales typically drop 7.1 percent between June and July.

New home sales continued to be the weak link, accounting for only 648 of the total sales, down from 796 new home sales in June and the second lowest level of new home sales for a July in 14 years.

Existing single-family detached homes and condos made up 8,402 of the total sales last month, 20.6 percent more than last year and 8.7 percent higher than the average for July. It was the second highest amount of existing homes sold for a July since 2005, only surpassed by July of 2009.

Cash buyers were responsible for 40.3 percent of the purchases in July, which was down slightly from 40.6 percent in June, but up from 37.6 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 are paying continues to decline as the median price paid by a cash buyer in July was $86,000, which is down from $88,700 in June and down from $100,000 in July 2010.

Absentee buyers, usually investors and vacation home buyers, accounted for 45.4 percent of all homes sold in July and they paid a median average price of $98,010 during the month, down from $100,00 in June.

The overall median price paid for new and resale homes and condos in July was $120,000, which was down from $122,900 in June and 9.1 percent below July of last year.

The current median price is 54.6 percent below the peak median price of $264,100 in July 2006 and has fallen year-over-year for the last 14 consecutive months.

Distressed sales represented 63.8 percent of the resale market in July as foreclosures accounted for 49.8 percent of the distressed sales and short sales accounted for 14.0 percent of the distressed sales.

Foreclosures fell sharply in July, declining 22.3 percent from June. Foreclosures were down 34.6 percent from July of 2010.

Tags: DataQuick, 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

August 24, 2011 (Shirley Allen)

Existing home sales in the Phoenix area cooled off in July after a robust June but sales were still substantially higher than in July of last year when home sales posted a dramatic drop following the end of the home buyer tax credit according to real estate information provider DataQuick.

A total of 9,050 new and resale houses and condos closed escrow in the Maricopa-Pinal counties area in July. Sales were 13.2 percent lower than the 10,537 homes sold in June, but 18.9 percent higher than the amount of homes sold in July of 2010.

Existing home sales typically drop 7.1 percent between June and July.

New home sales continued to be the weak link, accounting for only 648 of the total sales, down from 796 new home sales in June and the second lowest level of new home sales for a July in 14 years.

Existing single-family detached homes and condos made up 8,402 of the total sales last month, 20.6 percent more than last year and 8.7 percent higher than the average for July. It was the second highest amount of existing homes sold for a July since 2005, only surpassed by July of 2009.

Cash buyers were responsible for 40.3 percent of the purchases in July, which was down slightly from 40.6 percent in June, but up from 37.6 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 are paying continues to decline as the median price paid by a cash buyer in July was $86,000, which is down from $88,700 in June and down from $100,000 in July 2010.

Absentee buyers, usually investors and vacation home buyers, accounted for 45.4 percent of all homes sold in July and they paid a median average price of $98,010 during the month, down from $100,00 in June.

The overall median price paid for new and resale homes and condos in July was $120,000, which was down from $122,900 in June and 9.1 percent below July of last year.

The current median price is 54.6 percent below the peak median price of $264,100 in July 2006 and has fallen year-over-year for the last 14 consecutive months.

Distressed sales represented 63.8 percent of the resale market in July as foreclosures accounted for 49.8 percent of the distressed sales and short sales accounted for 14.0 percent of the distressed sales.

Foreclosures fell sharply in July, declining 22.3 percent from June. Foreclosures were down 34.6 percent from July of 2010.

Tags: DataQuick, 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