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
REO Saturation Plays Key Role in Market Prices
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
REO Saturation Plays Key Role in Market Prices
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
REO Saturation Plays Key Role in Market Prices

August 4, 2011 (Jeff Alan)

U.S. home prices increased by 4.1 percent in the latest rolling quarter according to Clear Capital’s Home Data Index (HDI), but the seasonal gains were not nearly enough to offset the declines recorded last winter as year-over-year prices are still down 7.9 percent as REO sales continue to apply downward pressure on market prices.

All four regions posted quarterly gains for the first time, without any tax credit stimulus, since 2006. The largest price gains were in the Midwest (6.3%), followed by the Northeast (5.2%), the South (4.2%), and the West (0.7%).

All regions posted year-over-year declines with the Midwest suffering the largest decline of 13.1 percent followed by the West (-7.8%), the South (-7.3%), and the Northeast (-2.9%).

The Real Estate Owned (REO) saturation rate declined nationally to 28.7 percent at the end of the recent quarter compared to 33.7 percent at the end of the previous quarter.

“Building off last month’s minimal quarterly gains, prices continue to correct from winter’s extended declines,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “Although this is encouraging, many markets are still near, or at record lows as REO saturation remains a significant proportion of all sales activity.”

There continues to be a strong correlation between distressed sales activities and home prices in the highest and lowest performing markets. The higher the REO saturation rate, the lower home prices fall.

In the highest performing markets, 4 of the 15 markets experienced year-over-year price gains and extremely low REO saturation rates. Rochester posted a year-over-year price gain of 2.2 percent with an REO saturation rate of only 3.6 percent, Pittsburgh posted a price gain of 2.1 percent and a saturation rate of 7.7 percent, Washington D.C. posted a 2.7 percent price gain with a saturation rate of 14.8 percent, and New York posted price gains of 1.5 percent with a saturation rate of 8.4 percent.

The average saturation rate in the 15 highest performing markets was 22.7 percent.

Conversely, in the lowest performing markets, large year-over-year price declines were posted in areas with the highest REO saturation rates. Detroit posted a year-over-year price decline of 24.3 percent with an REO saturation rate of 56.1 percent, Columbus posted a price decline of 21.6 percent and a saturation rate of 39.1 percent, Tucson posted a price decline of 15.9 percent and a saturation rate of 38.8 percent, and Jacksonville posted a price decline of 12.7 percent and a saturation rate of 35.5 percent.

The average REO saturation rate in the lowest performing markets was 33.3 percent

“Economic fundamentals have been re-defined in this post crash marketplace to not only include the traditional measures such as employment and consumer confidence, but also the inescapable presence of distressed activity which is defining many of the markets. Here, distressed activity has formed a divide that separates markets,” the report says.

Tags: Clear Capital, housing prices, price declines, REO, saturation rate, consumer demand, metropolitan areas

Source:
Clear Capital

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

August 4, 2011 (Jeff Alan)

U.S. home prices increased by 4.1 percent in the latest rolling quarter according to Clear Capital’s Home Data Index (HDI), but the seasonal gains were not nearly enough to offset the declines recorded last winter as year-over-year prices are still down 7.9 percent as REO sales continue to apply downward pressure on market prices.

All four regions posted quarterly gains for the first time, without any tax credit stimulus, since 2006. The largest price gains were in the Midwest (6.3%), followed by the Northeast (5.2%), the South (4.2%), and the West (0.7%).

All regions posted year-over-year declines with the Midwest suffering the largest decline of 13.1 percent followed by the West (-7.8%), the South (-7.3%), and the Northeast (-2.9%).

The Real Estate Owned (REO) saturation rate declined nationally to 28.7 percent at the end of the recent quarter compared to 33.7 percent at the end of the previous quarter.

“Building off last month’s minimal quarterly gains, prices continue to correct from winter’s extended declines,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “Although this is encouraging, many markets are still near, or at record lows as REO saturation remains a significant proportion of all sales activity.”

There continues to be a strong correlation between distressed sales activities and home prices in the highest and lowest performing markets. The higher the REO saturation rate, the lower home prices fall.

In the highest performing markets, 4 of the 15 markets experienced year-over-year price gains and extremely low REO saturation rates. Rochester posted a year-over-year price gain of 2.2 percent with an REO saturation rate of only 3.6 percent, Pittsburgh posted a price gain of 2.1 percent and a saturation rate of 7.7 percent, Washington D.C. posted a 2.7 percent price gain with a saturation rate of 14.8 percent, and New York posted price gains of 1.5 percent with a saturation rate of 8.4 percent.

The average saturation rate in the 15 highest performing markets was 22.7 percent.

Conversely, in the lowest performing markets, large year-over-year price declines were posted in areas with the highest REO saturation rates. Detroit posted a year-over-year price decline of 24.3 percent with an REO saturation rate of 56.1 percent, Columbus posted a price decline of 21.6 percent and a saturation rate of 39.1 percent, Tucson posted a price decline of 15.9 percent and a saturation rate of 38.8 percent, and Jacksonville posted a price decline of 12.7 percent and a saturation rate of 35.5 percent.

The average REO saturation rate in the lowest performing markets was 33.3 percent

“Economic fundamentals have been re-defined in this post crash marketplace to not only include the traditional measures such as employment and consumer confidence, but also the inescapable presence of distressed activity which is defining many of the markets. Here, distressed activity has formed a divide that separates markets,” the report says.

Tags: Clear Capital, housing prices, price declines, REO, saturation rate, consumer demand, metropolitan areas

Source:
Clear Capital

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

August 4, 2011 (Jeff Alan)

U.S. home prices increased by 4.1 percent in the latest rolling quarter according to Clear Capital’s Home Data Index (HDI), but the seasonal gains were not nearly enough to offset the declines recorded last winter as year-over-year prices are still down 7.9 percent as REO sales continue to apply downward pressure on market prices.

All four regions posted quarterly gains for the first time, without any tax credit stimulus, since 2006. The largest price gains were in the Midwest (6.3%), followed by the Northeast (5.2%), the South (4.2%), and the West (0.7%).

All regions posted year-over-year declines with the Midwest suffering the largest decline of 13.1 percent followed by the West (-7.8%), the South (-7.3%), and the Northeast (-2.9%).

The Real Estate Owned (REO) saturation rate declined nationally to 28.7 percent at the end of the recent quarter compared to 33.7 percent at the end of the previous quarter.

“Building off last month’s minimal quarterly gains, prices continue to correct from winter’s extended declines,” said Dr. Alex Villacorta, director of research and analytics at Clear Capital. “Although this is encouraging, many markets are still near, or at record lows as REO saturation remains a significant proportion of all sales activity.”

There continues to be a strong correlation between distressed sales activities and home prices in the highest and lowest performing markets. The higher the REO saturation rate, the lower home prices fall.

In the highest performing markets, 4 of the 15 markets experienced year-over-year price gains and extremely low REO saturation rates. Rochester posted a year-over-year price gain of 2.2 percent with an REO saturation rate of only 3.6 percent, Pittsburgh posted a price gain of 2.1 percent and a saturation rate of 7.7 percent, Washington D.C. posted a 2.7 percent price gain with a saturation rate of 14.8 percent, and New York posted price gains of 1.5 percent with a saturation rate of 8.4 percent.

The average saturation rate in the 15 highest performing markets was 22.7 percent.

Conversely, in the lowest performing markets, large year-over-year price declines were posted in areas with the highest REO saturation rates. Detroit posted a year-over-year price decline of 24.3 percent with an REO saturation rate of 56.1 percent, Columbus posted a price decline of 21.6 percent and a saturation rate of 39.1 percent, Tucson posted a price decline of 15.9 percent and a saturation rate of 38.8 percent, and Jacksonville posted a price decline of 12.7 percent and a saturation rate of 35.5 percent.

The average REO saturation rate in the lowest performing markets was 33.3 percent

“Economic fundamentals have been re-defined in this post crash marketplace to not only include the traditional measures such as employment and consumer confidence, but also the inescapable presence of distressed activity which is defining many of the markets. Here, distressed activity has formed a divide that separates markets,” the report says.

Tags: Clear Capital, housing prices, price declines, REO, saturation rate, consumer demand, metropolitan areas

Source:
Clear Capital

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