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RE/MAX: May Home Sales Show Housing Recovery in Full Swing
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: May Home Sales Show Housing Recovery in Full Swing
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: May Home Sales Show Housing Recovery in Full Swing

June 19, 2012 (Jeff Alan)

What a difference a month makes as home sales soared in May following April’s flat performance according to RE/MAX’s National Housing Report (NHR) with home sales increasing by nearly 13 percent from the previous month and home prices posting a solid gain, staying above last year’s prices for the fourth consecutive month,

Closed transactions of home purchases increased 12.6 percent from April to May and were 12.8 percent higher than in May 2011, the eleventh consecutive month home sales have increased year-over-year.

Forty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 39 metro areas in April. Burlington, VT (+39.3%), Albuquerque, NM (+35.8%), Boston, MA (+29.3%), Chicago, IL (+28.1%), Nashville, TN (+27.1%), and Raleigh-Durham, NC (+25.7%) recorded the highest year-over-year gains in closed transactions in May. In all, 38 metro areas saw double digit increases.

The median sales price of homes sold in May was 4.1 percent higher than in the previous month of April, increasing from $161,000 to $166,500. The median sales price was 6.1 percent higher than the median price of $156,990 in May of 2011. It was the fourth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-six of the 53 metro areas posted higher sales prices in May than they did a year earlier, up from 43 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+34.5%), Detroit, MI (+23.1%), Boise, ID (+23.0%), Denver, CO (+14.8%),Miami, FL (+14.3%), and San Francisco, CA (+11.9%).

The average number of days it took to sell a home in May was 92, four days less than in April. The average month’s supply of inventory in May was 4.9, down from a 5.3 month’s supply in April and down from a 6.9 months supply of homes in May 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 4.2 percent from April and 26.6 percent from May 2011. It was the 23rd consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “Clearly, 2012 is the year the housing industry has been waiting for; there’s a broad-based recovery taking hold. This recovery may not bring improvement in all sectors to all markets at the same time, but most markets across the country are experiencing the best selling season they’ve seen in years.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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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.
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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 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.
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June 19, 2012 (Jeff Alan)

What a difference a month makes as home sales soared in May following April’s flat performance according to RE/MAX’s National Housing Report (NHR) with home sales increasing by nearly 13 percent from the previous month and home prices posting a solid gain, staying above last year’s prices for the fourth consecutive month,

Closed transactions of home purchases increased 12.6 percent from April to May and were 12.8 percent higher than in May 2011, the eleventh consecutive month home sales have increased year-over-year.

Forty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 39 metro areas in April. Burlington, VT (+39.3%), Albuquerque, NM (+35.8%), Boston, MA (+29.3%), Chicago, IL (+28.1%), Nashville, TN (+27.1%), and Raleigh-Durham, NC (+25.7%) recorded the highest year-over-year gains in closed transactions in May. In all, 38 metro areas saw double digit increases.

The median sales price of homes sold in May was 4.1 percent higher than in the previous month of April, increasing from $161,000 to $166,500. The median sales price was 6.1 percent higher than the median price of $156,990 in May of 2011. It was the fourth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-six of the 53 metro areas posted higher sales prices in May than they did a year earlier, up from 43 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+34.5%), Detroit, MI (+23.1%), Boise, ID (+23.0%), Denver, CO (+14.8%),Miami, FL (+14.3%), and San Francisco, CA (+11.9%).

The average number of days it took to sell a home in May was 92, four days less than in April. The average month’s supply of inventory in May was 4.9, down from a 5.3 month’s supply in April and down from a 6.9 months supply of homes in May 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 4.2 percent from April and 26.6 percent from May 2011. It was the 23rd consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “Clearly, 2012 is the year the housing industry has been waiting for; there’s a broad-based recovery taking hold. This recovery may not bring improvement in all sectors to all markets at the same time, but most markets across the country are experiencing the best selling season they’ve seen in years.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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

June 19, 2012 (Jeff Alan)

What a difference a month makes as home sales soared in May following April’s flat performance according to RE/MAX’s National Housing Report (NHR) with home sales increasing by nearly 13 percent from the previous month and home prices posting a solid gain, staying above last year’s prices for the fourth consecutive month,

Closed transactions of home purchases increased 12.6 percent from April to May and were 12.8 percent higher than in May 2011, the eleventh consecutive month home sales have increased year-over-year.

Forty-eight out of the 53 metro areas in the report posted year-over-year increases in closed transactions, up from 39 metro areas in April. Burlington, VT (+39.3%), Albuquerque, NM (+35.8%), Boston, MA (+29.3%), Chicago, IL (+28.1%), Nashville, TN (+27.1%), and Raleigh-Durham, NC (+25.7%) recorded the highest year-over-year gains in closed transactions in May. In all, 38 metro areas saw double digit increases.

The median sales price of homes sold in May was 4.1 percent higher than in the previous month of April, increasing from $161,000 to $166,500. The median sales price was 6.1 percent higher than the median price of $156,990 in May of 2011. It was the fourth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-six of the 53 metro areas posted higher sales prices in May than they did a year earlier, up from 43 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+34.5%), Detroit, MI (+23.1%), Boise, ID (+23.0%), Denver, CO (+14.8%),Miami, FL (+14.3%), and San Francisco, CA (+11.9%).

The average number of days it took to sell a home in May was 92, four days less than in April. The average month’s supply of inventory in May was 4.9, down from a 5.3 month’s supply in April and down from a 6.9 months supply of homes in May 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 4.2 percent from April and 26.6 percent from May 2011. It was the 23rd consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “Clearly, 2012 is the year the housing industry has been waiting for; there’s a broad-based recovery taking hold. This recovery may not bring improvement in all sectors to all markets at the same time, but most markets across the country are experiencing the best selling season they’ve seen in years.”

Tags: home sales, home prices, seasonal trends, closed transactions, median sales price

Source:
RE/MAX

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

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