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RE/MAX: Year-Over-Year Home Sales Up for 12th Month
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: Year-Over-Year Home Sales Up for 12th Month
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: Year-Over-Year Home Sales Up for 12th Month

July 18, 2012 (Jeff Alan)

Monthly sales of existing homes improved for the fifth consecutive month in June according to RE/MAX’s National Housing Report (NHR) while year-over-year, home sales have exceeded the previous year’s levels for 12 consecutive months.

Closed transactions of home purchases increased 2.1 percent from May to June and were 5.0 percent higher than in June of 2011, the twelfth consecutive month home sales have increased year-over-year.

Forty out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 48 metro areas in May. Fargo, ND (+37.1%), Providence, RI (+29.5%), Burlington, VT (+27.5%), Manchester, NH (+27.2%), Augusta, ME (+25.2%), and Chicago, IL (+22.1%) recorded the highest year-over-year gains in closed transactions in June.

The median sales price of homes sold in June was 2.5 percent higher than in the previous month of May, increasing from $166,500 to $170,067. The median sales price was 3.7 percent higher than the median price of $163,995 in June of 2011. It was the fifth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in June than they did a year earlier, down from 46 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+29.5%), Detroit, MI (+23.3%), Miami, FL (+21.5%), Boise, ID (+16.3%), Denver (+14.9%) and Pittsburgh, PA (+9.5%).

The average number of days it took to sell a home in June was 84, eight days less than in May. The average month’s supply of inventory in June was 5.0, up from a 4.9 month’s supply in May, but still down from a 6.9 months supply of homes in June 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.0 percent from May and 27.4 percent from June 2011. It was the 24th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “Although the housing market has a long way to go to make a full recovery, all signs now show that it’s on the right path and has improved every month so far this year. This selling season is the best in years, and those who thought that the positive trends would quickly correct have been proven wrong, because many consumers again feel comfortable buying or selling a home.”

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

Source:
RE/MAX

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.
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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

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July 18, 2012 (Jeff Alan)

Monthly sales of existing homes improved for the fifth consecutive month in June according to RE/MAX’s National Housing Report (NHR) while year-over-year, home sales have exceeded the previous year’s levels for 12 consecutive months.

Closed transactions of home purchases increased 2.1 percent from May to June and were 5.0 percent higher than in June of 2011, the twelfth consecutive month home sales have increased year-over-year.

Forty out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 48 metro areas in May. Fargo, ND (+37.1%), Providence, RI (+29.5%), Burlington, VT (+27.5%), Manchester, NH (+27.2%), Augusta, ME (+25.2%), and Chicago, IL (+22.1%) recorded the highest year-over-year gains in closed transactions in June.

The median sales price of homes sold in June was 2.5 percent higher than in the previous month of May, increasing from $166,500 to $170,067. The median sales price was 3.7 percent higher than the median price of $163,995 in June of 2011. It was the fifth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in June than they did a year earlier, down from 46 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+29.5%), Detroit, MI (+23.3%), Miami, FL (+21.5%), Boise, ID (+16.3%), Denver (+14.9%) and Pittsburgh, PA (+9.5%).

The average number of days it took to sell a home in June was 84, eight days less than in May. The average month’s supply of inventory in June was 5.0, up from a 4.9 month’s supply in May, but still down from a 6.9 months supply of homes in June 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.0 percent from May and 27.4 percent from June 2011. It was the 24th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “Although the housing market has a long way to go to make a full recovery, all signs now show that it’s on the right path and has improved every month so far this year. This selling season is the best in years, and those who thought that the positive trends would quickly correct have been proven wrong, because many consumers again feel comfortable buying or selling a home.”

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

Source:
RE/MAX

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

July 18, 2012 (Jeff Alan)

Monthly sales of existing homes improved for the fifth consecutive month in June according to RE/MAX’s National Housing Report (NHR) while year-over-year, home sales have exceeded the previous year’s levels for 12 consecutive months.

Closed transactions of home purchases increased 2.1 percent from May to June and were 5.0 percent higher than in June of 2011, the twelfth consecutive month home sales have increased year-over-year.

Forty out of the 53 metro areas in the report posted year-over-year increases in closed transactions, down from 48 metro areas in May. Fargo, ND (+37.1%), Providence, RI (+29.5%), Burlington, VT (+27.5%), Manchester, NH (+27.2%), Augusta, ME (+25.2%), and Chicago, IL (+22.1%) recorded the highest year-over-year gains in closed transactions in June.

The median sales price of homes sold in June was 2.5 percent higher than in the previous month of May, increasing from $166,500 to $170,067. The median sales price was 3.7 percent higher than the median price of $163,995 in June of 2011. It was the fifth consecutive month that home prices have increased year-over-year following 18 months of declines.

Forty-four of the 53 metro areas posted higher sales prices in June than they did a year earlier, down from 46 metro areas the previous month. The areas that posted the largest price gains during the month were Phoenix, AZ (+29.5%), Detroit, MI (+23.3%), Miami, FL (+21.5%), Boise, ID (+16.3%), Denver (+14.9%) and Pittsburgh, PA (+9.5%).

The average number of days it took to sell a home in June was 84, eight days less than in May. The average month’s supply of inventory in June was 5.0, up from a 4.9 month’s supply in May, but still down from a 6.9 months supply of homes in June 2011.

Housing supplies continued to dwindle with the average monthly inventory of homes for sale declining by 5.0 percent from May and 27.4 percent from June 2011. It was the 24th consecutive month that the supply of homes for sale has declined.

Margaret Kelly, CEO of RE/MAX, LLC., stated, “Although the housing market has a long way to go to make a full recovery, all signs now show that it’s on the right path and has improved every month so far this year. This selling season is the best in years, and those who thought that the positive trends would quickly correct have been proven wrong, because many consumers again feel comfortable buying or selling a home.”

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

Source:
RE/MAX

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