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Seasonal Factors Behind Housing Price Gains
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Seasonal Factors Behind Housing Price Gains
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
Seasonal Factors Behind Housing Price Gains

July 26, 2011 (Chris Moore)

Home prices increased for a second consecutive month according to the S&P/Case-Shiller Home Price Indices (HPI) as both the 10- and 20-City Composites showed improvement in home prices due to seasonal sales factors.

Home prices for the 10-City composite increased 1.1 percent from April to May while prices for the 20-City Composite increased 1.0 percent.

Positive monthly increases were registered in 16 of the 20 metropolitan statistical areas (MSA) with only Detroit, Las Vegas, and Tampa experiencing declines and Phoenix was unchanged.

In addition, Detroit, Las Vegas, and Tampa all posted new index lows in May with home prices in the three cities now 51.2 percent, 59.3 percent, and 47.5 percent below their 2005-2006 peak price levels, respectively.

Compared to home prices a year ago, only Washington D.C. registered an increase, up 1.3 percent. Minneapolis had the worse showing with a decline in prices of 11.7 percent.

“We see some seasonal improvements with May’s data,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “This is a seasonal period of stronger demand for houses, so monthly price increases are to be expected and were seen in 16 of the 20 cities. The exceptions where prices fell were Detroit, Las Vegas and Tampa. However, 19 of 20 cities saw prices drop over the last 12 months. The concern is that much of the monthly gains are only seasonal.”

Data from both the 10- and 20-City Composites shows that as of May 2011, average home prices across the United States are back to the levels they were in the summer of 2003.

From market peak in June/July through May 2011, the 10-City Composite has declined 32.1 percent while the 20 City Composite has dropped 32.3 percent.

From peak to its trough in April 2009, the 10-City Composite has declined 33.5 percent while the 20-City Composite, which reached its trough in March 2011, has declined 33.3 percent.

“While the monthly data were encouraging, most MSAs and both Composites fared poorly in annual terms. Nineteen of the 20 MSAs and the two Composites posted negative annual growth rates in May 2011. The 10-City Composite was down 3.6% and the 20-City Composite was down 4.5% in May 2011 versus May 2010. Minneapolis posted a double-digit decline in annual rate of 11.7%. The only beacon of hope was Washington D.C. with a +1.3% annual growth rate and a +2.4% monthly increase. We have now seen two consecutive months of generally improving prices; however, we might have a long way to go before we see a real recovery. Sustained increases in home prices over several months and better annual results need to be seen before we can confirm real estate market recovery,” Blitzer added.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices, positive gains, seasonal improvements

Source:
S&P

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 26, 2011 (Chris Moore)

Home prices increased for a second consecutive month according to the S&P/Case-Shiller Home Price Indices (HPI) as both the 10- and 20-City Composites showed improvement in home prices due to seasonal sales factors.

Home prices for the 10-City composite increased 1.1 percent from April to May while prices for the 20-City Composite increased 1.0 percent.

Positive monthly increases were registered in 16 of the 20 metropolitan statistical areas (MSA) with only Detroit, Las Vegas, and Tampa experiencing declines and Phoenix was unchanged.

In addition, Detroit, Las Vegas, and Tampa all posted new index lows in May with home prices in the three cities now 51.2 percent, 59.3 percent, and 47.5 percent below their 2005-2006 peak price levels, respectively.

Compared to home prices a year ago, only Washington D.C. registered an increase, up 1.3 percent. Minneapolis had the worse showing with a decline in prices of 11.7 percent.

“We see some seasonal improvements with May’s data,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “This is a seasonal period of stronger demand for houses, so monthly price increases are to be expected and were seen in 16 of the 20 cities. The exceptions where prices fell were Detroit, Las Vegas and Tampa. However, 19 of 20 cities saw prices drop over the last 12 months. The concern is that much of the monthly gains are only seasonal.”

Data from both the 10- and 20-City Composites shows that as of May 2011, average home prices across the United States are back to the levels they were in the summer of 2003.

From market peak in June/July through May 2011, the 10-City Composite has declined 32.1 percent while the 20 City Composite has dropped 32.3 percent.

From peak to its trough in April 2009, the 10-City Composite has declined 33.5 percent while the 20-City Composite, which reached its trough in March 2011, has declined 33.3 percent.

“While the monthly data were encouraging, most MSAs and both Composites fared poorly in annual terms. Nineteen of the 20 MSAs and the two Composites posted negative annual growth rates in May 2011. The 10-City Composite was down 3.6% and the 20-City Composite was down 4.5% in May 2011 versus May 2010. Minneapolis posted a double-digit decline in annual rate of 11.7%. The only beacon of hope was Washington D.C. with a +1.3% annual growth rate and a +2.4% monthly increase. We have now seen two consecutive months of generally improving prices; however, we might have a long way to go before we see a real recovery. Sustained increases in home prices over several months and better annual results need to be seen before we can confirm real estate market recovery,” Blitzer added.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices, positive gains, seasonal improvements

Source:
S&P

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 26, 2011 (Chris Moore)

Home prices increased for a second consecutive month according to the S&P/Case-Shiller Home Price Indices (HPI) as both the 10- and 20-City Composites showed improvement in home prices due to seasonal sales factors.

Home prices for the 10-City composite increased 1.1 percent from April to May while prices for the 20-City Composite increased 1.0 percent.

Positive monthly increases were registered in 16 of the 20 metropolitan statistical areas (MSA) with only Detroit, Las Vegas, and Tampa experiencing declines and Phoenix was unchanged.

In addition, Detroit, Las Vegas, and Tampa all posted new index lows in May with home prices in the three cities now 51.2 percent, 59.3 percent, and 47.5 percent below their 2005-2006 peak price levels, respectively.

Compared to home prices a year ago, only Washington D.C. registered an increase, up 1.3 percent. Minneapolis had the worse showing with a decline in prices of 11.7 percent.

“We see some seasonal improvements with May’s data,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “This is a seasonal period of stronger demand for houses, so monthly price increases are to be expected and were seen in 16 of the 20 cities. The exceptions where prices fell were Detroit, Las Vegas and Tampa. However, 19 of 20 cities saw prices drop over the last 12 months. The concern is that much of the monthly gains are only seasonal.”

Data from both the 10- and 20-City Composites shows that as of May 2011, average home prices across the United States are back to the levels they were in the summer of 2003.

From market peak in June/July through May 2011, the 10-City Composite has declined 32.1 percent while the 20 City Composite has dropped 32.3 percent.

From peak to its trough in April 2009, the 10-City Composite has declined 33.5 percent while the 20-City Composite, which reached its trough in March 2011, has declined 33.3 percent.

“While the monthly data were encouraging, most MSAs and both Composites fared poorly in annual terms. Nineteen of the 20 MSAs and the two Composites posted negative annual growth rates in May 2011. The 10-City Composite was down 3.6% and the 20-City Composite was down 4.5% in May 2011 versus May 2010. Minneapolis posted a double-digit decline in annual rate of 11.7%. The only beacon of hope was Washington D.C. with a +1.3% annual growth rate and a +2.4% monthly increase. We have now seen two consecutive months of generally improving prices; however, we might have a long way to go before we see a real recovery. Sustained increases in home prices over several months and better annual results need to be seen before we can confirm real estate market recovery,” Blitzer added.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices, positive gains, seasonal improvements

Source:
S&P

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