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RE/MAX: Home Prices Continue to Decline
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
RE/MAX: Home Prices Continue to Decline
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
RE/MAX: Home Prices Continue to Decline

March 18, 2011 (Shirley Allen)
mortgage-fallingprices-image
Home prices continued to decline in February according to the RE/MAX National Housing Report. Prices dropped 5.9 percent compared to February 2010 which was the largest yearly drop since April 2010. This also follows a drop in year-over-year prices in January of 4.6 percent. The median sales price for a home in February was $172,000, compared to a median sales price in February 2010 of $182,785.

Total home sales, in the 54 metropolitan areas that RE/MAX surveys, dropped 3 percent from a year ago, but increased 3.3 percent from January 2011. It was the first time in four months that the year-over-year difference did not improve from the previous month.

The amount of time that a home spent on the market increased to102 days, versus 92 days a year ago, and 99 days from the month before. Housing inventory reached a 9.3 month supply, up from a 8.8 month supply a year ago.

“It’s a very good sign that home sales increased over January, which could mean that sales will increase further as we move into springtime, the prime home buying season,” RE/MAX CEO Margaret Kelly said. “If this trend for home sales does continue, we could also see home prices start to move up, as well.”

Seventeen metropolitan areas experienced higher sales than the previous years, with 10 of those areas experiencing double digit increases. The top performers were Albuquerque, NM +22.8%, Miami, FL +25.1%, Tampa, FL +22.0%, Trenton, NJ +20.3%, New Orleans, LA +16.2%, and Phoenix, AZ +12.2%.

Seventeen metropolitan areas also experienced year-over-year price increases. Areas seeing the largest gain in home prices included Anchorage, AK +11.2%, Jackson, MS +6.3%, Pittsburgh, PA +4.9%, Charlotte, NC +4.4%, Honolulu, HI +3.7%, and Houston, TX +3.3%.

Tags: RE/MAX, National Housing Report, median sales price, housing inventory, home sales, home prices

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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.
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March 18, 2011 (Shirley Allen)
mortgage-fallingprices-image
Home prices continued to decline in February according to the RE/MAX National Housing Report. Prices dropped 5.9 percent compared to February 2010 which was the largest yearly drop since April 2010. This also follows a drop in year-over-year prices in January of 4.6 percent. The median sales price for a home in February was $172,000, compared to a median sales price in February 2010 of $182,785.

Total home sales, in the 54 metropolitan areas that RE/MAX surveys, dropped 3 percent from a year ago, but increased 3.3 percent from January 2011. It was the first time in four months that the year-over-year difference did not improve from the previous month.

The amount of time that a home spent on the market increased to102 days, versus 92 days a year ago, and 99 days from the month before. Housing inventory reached a 9.3 month supply, up from a 8.8 month supply a year ago.

“It’s a very good sign that home sales increased over January, which could mean that sales will increase further as we move into springtime, the prime home buying season,” RE/MAX CEO Margaret Kelly said. “If this trend for home sales does continue, we could also see home prices start to move up, as well.”

Seventeen metropolitan areas experienced higher sales than the previous years, with 10 of those areas experiencing double digit increases. The top performers were Albuquerque, NM +22.8%, Miami, FL +25.1%, Tampa, FL +22.0%, Trenton, NJ +20.3%, New Orleans, LA +16.2%, and Phoenix, AZ +12.2%.

Seventeen metropolitan areas also experienced year-over-year price increases. Areas seeing the largest gain in home prices included Anchorage, AK +11.2%, Jackson, MS +6.3%, Pittsburgh, PA +4.9%, Charlotte, NC +4.4%, Honolulu, HI +3.7%, and Houston, TX +3.3%.

Tags: RE/MAX, National Housing Report, median sales price, housing inventory, home sales, home prices

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

March 18, 2011 (Shirley Allen)
mortgage-fallingprices-image
Home prices continued to decline in February according to the RE/MAX National Housing Report. Prices dropped 5.9 percent compared to February 2010 which was the largest yearly drop since April 2010. This also follows a drop in year-over-year prices in January of 4.6 percent. The median sales price for a home in February was $172,000, compared to a median sales price in February 2010 of $182,785.

Total home sales, in the 54 metropolitan areas that RE/MAX surveys, dropped 3 percent from a year ago, but increased 3.3 percent from January 2011. It was the first time in four months that the year-over-year difference did not improve from the previous month.

The amount of time that a home spent on the market increased to102 days, versus 92 days a year ago, and 99 days from the month before. Housing inventory reached a 9.3 month supply, up from a 8.8 month supply a year ago.

“It’s a very good sign that home sales increased over January, which could mean that sales will increase further as we move into springtime, the prime home buying season,” RE/MAX CEO Margaret Kelly said. “If this trend for home sales does continue, we could also see home prices start to move up, as well.”

Seventeen metropolitan areas experienced higher sales than the previous years, with 10 of those areas experiencing double digit increases. The top performers were Albuquerque, NM +22.8%, Miami, FL +25.1%, Tampa, FL +22.0%, Trenton, NJ +20.3%, New Orleans, LA +16.2%, and Phoenix, AZ +12.2%.

Seventeen metropolitan areas also experienced year-over-year price increases. Areas seeing the largest gain in home prices included Anchorage, AK +11.2%, Jackson, MS +6.3%, Pittsburgh, PA +4.9%, Charlotte, NC +4.4%, Honolulu, HI +3.7%, and Houston, TX +3.3%.

Tags: RE/MAX, National Housing Report, median sales price, housing inventory, home sales, home prices

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