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RE/MAX Reports Sales and Prices Reflecting More Seasonal Trends
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 Reports Sales and Prices Reflecting More Seasonal Trends
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 Reports Sales and Prices Reflecting More Seasonal Trends

June 15, 2011 (Brian Moore)

Home sales and home prices are trending in a positive direction reflecting more normal seasonal trends as home prices edged up for the third month in a row by 3.7 percent in May compared to April and closed transactions also increased by 3.3 percent according to RE/MAX’s National Housing Report (NHR).

This year’s spring selling season couldn’t have come soon enough after a disappointing and dismal winter with current marketing data suggesting that the housing market may have hit bottom sometime after the first of year.

However, RE/MAX reports we may not be out of the woods yet, as financing requirements, poor appraisals, unemployment and uncertainty about the economy may hold the market back despite the positive month-to-month data that has pointed to an improving, though uneven, market recovery.

“Home sales activity appears to be coming back in line with the seasonal trends we would expect to see this time of year,” said Margaret Kelly, RE/MAX CEO. “It’s a very good sign that prices are starting to rise on a monthly basis. This may indicate that we’ve turned the corner and are headed in a positive direction.”

Closed transactions were 3.3 percent higher in May than April but were still 13.6 percent below the levels observed in May of 2010. Forty-two out of the 53 metro areas in the report experienced month-over-month increases in closed transactions. Phoenix (+10.9) and Miami (+10.2) lead the survey with double digit increases.

Sales prices in May were 3.7 percent higher than in April, but were 7.2 percent lower than May 2010. The median sales price in May 2011 was $183,815 which compares to a median sales price of $198,119 in May of 2010.

Forty-five of the 53 metro areas experienced price increases month-over-month, with two metro areas reporting unchanged prices. The best pricing performers were Providence, RI (+10.2%), Cleveland (+9.9%), Miami (+9.8%), Birmingham (+9.5%), and Kansas City (+9.2%).

The average number of days it took to sell a home in May was 94, which was down from 98 days in April. Inventory declined slightly as there was a 6.9 month supply of homes on the market in May compared to a 7.1 months supply in April.

Tags: RE/MAX, home sales, home prices, National Housing Report, spring selling season, market recovery, seasonal trends, financing requirements, poor appraisals, closed transactions

Source:
RE/MAX

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 15, 2011 (Brian Moore)

Home sales and home prices are trending in a positive direction reflecting more normal seasonal trends as home prices edged up for the third month in a row by 3.7 percent in May compared to April and closed transactions also increased by 3.3 percent according to RE/MAX’s National Housing Report (NHR).

This year’s spring selling season couldn’t have come soon enough after a disappointing and dismal winter with current marketing data suggesting that the housing market may have hit bottom sometime after the first of year.

However, RE/MAX reports we may not be out of the woods yet, as financing requirements, poor appraisals, unemployment and uncertainty about the economy may hold the market back despite the positive month-to-month data that has pointed to an improving, though uneven, market recovery.

“Home sales activity appears to be coming back in line with the seasonal trends we would expect to see this time of year,” said Margaret Kelly, RE/MAX CEO. “It’s a very good sign that prices are starting to rise on a monthly basis. This may indicate that we’ve turned the corner and are headed in a positive direction.”

Closed transactions were 3.3 percent higher in May than April but were still 13.6 percent below the levels observed in May of 2010. Forty-two out of the 53 metro areas in the report experienced month-over-month increases in closed transactions. Phoenix (+10.9) and Miami (+10.2) lead the survey with double digit increases.

Sales prices in May were 3.7 percent higher than in April, but were 7.2 percent lower than May 2010. The median sales price in May 2011 was $183,815 which compares to a median sales price of $198,119 in May of 2010.

Forty-five of the 53 metro areas experienced price increases month-over-month, with two metro areas reporting unchanged prices. The best pricing performers were Providence, RI (+10.2%), Cleveland (+9.9%), Miami (+9.8%), Birmingham (+9.5%), and Kansas City (+9.2%).

The average number of days it took to sell a home in May was 94, which was down from 98 days in April. Inventory declined slightly as there was a 6.9 month supply of homes on the market in May compared to a 7.1 months supply in April.

Tags: RE/MAX, home sales, home prices, National Housing Report, spring selling season, market recovery, seasonal trends, financing requirements, poor appraisals, closed transactions

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 15, 2011 (Brian Moore)

Home sales and home prices are trending in a positive direction reflecting more normal seasonal trends as home prices edged up for the third month in a row by 3.7 percent in May compared to April and closed transactions also increased by 3.3 percent according to RE/MAX’s National Housing Report (NHR).

This year’s spring selling season couldn’t have come soon enough after a disappointing and dismal winter with current marketing data suggesting that the housing market may have hit bottom sometime after the first of year.

However, RE/MAX reports we may not be out of the woods yet, as financing requirements, poor appraisals, unemployment and uncertainty about the economy may hold the market back despite the positive month-to-month data that has pointed to an improving, though uneven, market recovery.

“Home sales activity appears to be coming back in line with the seasonal trends we would expect to see this time of year,” said Margaret Kelly, RE/MAX CEO. “It’s a very good sign that prices are starting to rise on a monthly basis. This may indicate that we’ve turned the corner and are headed in a positive direction.”

Closed transactions were 3.3 percent higher in May than April but were still 13.6 percent below the levels observed in May of 2010. Forty-two out of the 53 metro areas in the report experienced month-over-month increases in closed transactions. Phoenix (+10.9) and Miami (+10.2) lead the survey with double digit increases.

Sales prices in May were 3.7 percent higher than in April, but were 7.2 percent lower than May 2010. The median sales price in May 2011 was $183,815 which compares to a median sales price of $198,119 in May of 2010.

Forty-five of the 53 metro areas experienced price increases month-over-month, with two metro areas reporting unchanged prices. The best pricing performers were Providence, RI (+10.2%), Cleveland (+9.9%), Miami (+9.8%), Birmingham (+9.5%), and Kansas City (+9.2%).

The average number of days it took to sell a home in May was 94, which was down from 98 days in April. Inventory declined slightly as there was a 6.9 month supply of homes on the market in May compared to a 7.1 months supply in April.

Tags: RE/MAX, home sales, home prices, National Housing Report, spring selling season, market recovery, seasonal trends, financing requirements, poor appraisals, closed transactions

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
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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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