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Price Markdowns Increase on Homes for Sale
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
Price Markdowns Increase on Homes for Sale
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
Price Markdowns Increase on Homes for Sale

December 12 2010 (Jeff Alan)
price-reduced-image
According to figures released by ZipRealty, price reductions on homes listed for sale increased dramatically over the past year with nearly half the homes marked down at least once. September also saw more discounted homes for sale than August, with the number of price-reduced homes on the market up 2.1 according to the report.

The company reports that 48.1 percent of all homes for sale, based on its Price Reduction Index of MLS-listed properties in 26 major markets, have seen at least one price markdown. The most dramatic marked down listings were experienced in San Diego, San Francisco, and Orange County where the rate of marked down listings has essentially doubled over the preceding 12 months.

The median markdown on San Francisco homes for sale was $35,050, leading the entire survey, followed by Orange County at $32,450 and San Diego at an even $30,000.

The number of marked-down homes for sale in San Diego was up 108 percent compared to November 2009, while San Francisco saw a 100 percent increase. Price-reduced properties were up 91 percent in Orange County and 79 percent in Los Angeles. The only other market were price-reduced inventory increased by more than 75 percent was Las Vegas, Nev.

Jacksonville, Fla., continues to have the highest percentage of price-reduced homes out of the 26 markets surveyed. More than 55 percent of Jacksonville listings in September included at least one price reduction, while Denver had the lowest percentage of price-reduced homes in September, with 34.4 percent of listings including at least one reduction.

John Oldham, Director of Marketing for ZipRealty said, “Typically, November is a slower month for sales. Inventory peaked in September and has dropped over the last two months. The increase in price-reduced listings is evidence that sellers are still trying to find the right price point to get the property to sell.

Nearly two-thirds of the 26 markets surveyed showed an average of two markdowns per listing with a median reduction of $19,165. In 11 of the 26, more than half of all listings had experienced at least one markdown.

Tags: price mark-downs, price reductions, discounted homes, price-reduced homes, marked-down homes, price reduced inventory

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 12 2010 (Jeff Alan)
price-reduced-image
According to figures released by ZipRealty, price reductions on homes listed for sale increased dramatically over the past year with nearly half the homes marked down at least once. September also saw more discounted homes for sale than August, with the number of price-reduced homes on the market up 2.1 according to the report.

The company reports that 48.1 percent of all homes for sale, based on its Price Reduction Index of MLS-listed properties in 26 major markets, have seen at least one price markdown. The most dramatic marked down listings were experienced in San Diego, San Francisco, and Orange County where the rate of marked down listings has essentially doubled over the preceding 12 months.

The median markdown on San Francisco homes for sale was $35,050, leading the entire survey, followed by Orange County at $32,450 and San Diego at an even $30,000.

The number of marked-down homes for sale in San Diego was up 108 percent compared to November 2009, while San Francisco saw a 100 percent increase. Price-reduced properties were up 91 percent in Orange County and 79 percent in Los Angeles. The only other market were price-reduced inventory increased by more than 75 percent was Las Vegas, Nev.

Jacksonville, Fla., continues to have the highest percentage of price-reduced homes out of the 26 markets surveyed. More than 55 percent of Jacksonville listings in September included at least one price reduction, while Denver had the lowest percentage of price-reduced homes in September, with 34.4 percent of listings including at least one reduction.

John Oldham, Director of Marketing for ZipRealty said, “Typically, November is a slower month for sales. Inventory peaked in September and has dropped over the last two months. The increase in price-reduced listings is evidence that sellers are still trying to find the right price point to get the property to sell.

Nearly two-thirds of the 26 markets surveyed showed an average of two markdowns per listing with a median reduction of $19,165. In 11 of the 26, more than half of all listings had experienced at least one markdown.

Tags: price mark-downs, price reductions, discounted homes, price-reduced homes, marked-down homes, price reduced inventory

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 12 2010 (Jeff Alan)
price-reduced-image
According to figures released by ZipRealty, price reductions on homes listed for sale increased dramatically over the past year with nearly half the homes marked down at least once. September also saw more discounted homes for sale than August, with the number of price-reduced homes on the market up 2.1 according to the report.

The company reports that 48.1 percent of all homes for sale, based on its Price Reduction Index of MLS-listed properties in 26 major markets, have seen at least one price markdown. The most dramatic marked down listings were experienced in San Diego, San Francisco, and Orange County where the rate of marked down listings has essentially doubled over the preceding 12 months.

The median markdown on San Francisco homes for sale was $35,050, leading the entire survey, followed by Orange County at $32,450 and San Diego at an even $30,000.

The number of marked-down homes for sale in San Diego was up 108 percent compared to November 2009, while San Francisco saw a 100 percent increase. Price-reduced properties were up 91 percent in Orange County and 79 percent in Los Angeles. The only other market were price-reduced inventory increased by more than 75 percent was Las Vegas, Nev.

Jacksonville, Fla., continues to have the highest percentage of price-reduced homes out of the 26 markets surveyed. More than 55 percent of Jacksonville listings in September included at least one price reduction, while Denver had the lowest percentage of price-reduced homes in September, with 34.4 percent of listings including at least one reduction.

John Oldham, Director of Marketing for ZipRealty said, “Typically, November is a slower month for sales. Inventory peaked in September and has dropped over the last two months. The increase in price-reduced listings is evidence that sellers are still trying to find the right price point to get the property to sell.

Nearly two-thirds of the 26 markets surveyed showed an average of two markdowns per listing with a median reduction of $19,165. In 11 of the 26, more than half of all listings had experienced at least one markdown.

Tags: price mark-downs, price reductions, discounted homes, price-reduced homes, marked-down homes, price reduced inventory

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

LoanRateUpdate

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