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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.
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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.
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Southern California Home Sales Plummet
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
Southern California Home Sales Plummet
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
Southern California Home Sales Plummet

January 19, 2011 (Jeff Alan)
mortgage-falling-off-image
Southern California home sales plummeted almost 13 percent in December from a year earlier as unemployment and tight credit cut demand, according to San Diego-based data firm DataQuick. The data was somewhat of a surprise as the Southern California market had recently been showing signs of stability and market improvement.

There were 19,528 homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, the lowest December tally in three years and the second- lowest since 1995, DataQuick said. Sales fell from 22,328 a year earlier.

The median price was $290,000, up 0.3 percent from a year earlier and 1 percent from November. The gain from December 2009 was the smallest increase since prices began to rise a year ago.

“What happens next will hinge largely on the pace of the economic recovery and the manner in which lenders manage their inventories of distressed properties, which are competition for new homes,” John Walsh, MDA DataQuick’s president, said in the statement. “A loosening of credit terms would help an awful lot, too, especially in move-up markets.”

Foreclosure resales accounted for 34.3% of the resale market in December, down from 35.2% in November and down from 29.6% one year ago. Foreclosure resales hit a low this year of 32.8% in June and had generally trended slightly higher until last month. The peak was in February 2009 at 56.7%, DataQuick reported.

All six counties showed sales drops from a year earlier, led by a 15 percent decline in Ventura.

Median sale price fell on a year-over-year basis in four of the six counties, with Los Angeles down 2.7%, Orange down 5.7%, San Bernardino down 1.3% and Ventura down 1.4%, while San Diego and Riverside counties recorded small gains of 0.9 % and 2%, respectively.

With regard to upcoming home-buying activity in the area, Walsh said there’s “potential for sales to perk up this spring if rates stay low and brighter economic news lifts consumer confidence.”

Tags: southern california, home sales, unemployment, tight credit, dataquick, median home price, mortgage lenders, distressed properties, foreclosures

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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.
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WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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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 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

January 19, 2011 (Jeff Alan)
mortgage-falling-off-image
Southern California home sales plummeted almost 13 percent in December from a year earlier as unemployment and tight credit cut demand, according to San Diego-based data firm DataQuick. The data was somewhat of a surprise as the Southern California market had recently been showing signs of stability and market improvement.

There were 19,528 homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, the lowest December tally in three years and the second- lowest since 1995, DataQuick said. Sales fell from 22,328 a year earlier.

The median price was $290,000, up 0.3 percent from a year earlier and 1 percent from November. The gain from December 2009 was the smallest increase since prices began to rise a year ago.

“What happens next will hinge largely on the pace of the economic recovery and the manner in which lenders manage their inventories of distressed properties, which are competition for new homes,” John Walsh, MDA DataQuick’s president, said in the statement. “A loosening of credit terms would help an awful lot, too, especially in move-up markets.”

Foreclosure resales accounted for 34.3% of the resale market in December, down from 35.2% in November and down from 29.6% one year ago. Foreclosure resales hit a low this year of 32.8% in June and had generally trended slightly higher until last month. The peak was in February 2009 at 56.7%, DataQuick reported.

All six counties showed sales drops from a year earlier, led by a 15 percent decline in Ventura.

Median sale price fell on a year-over-year basis in four of the six counties, with Los Angeles down 2.7%, Orange down 5.7%, San Bernardino down 1.3% and Ventura down 1.4%, while San Diego and Riverside counties recorded small gains of 0.9 % and 2%, respectively.

With regard to upcoming home-buying activity in the area, Walsh said there’s “potential for sales to perk up this spring if rates stay low and brighter economic news lifts consumer confidence.”

Tags: southern california, home sales, unemployment, tight credit, dataquick, median home price, mortgage lenders, distressed properties, foreclosures

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

January 19, 2011 (Jeff Alan)
mortgage-falling-off-image
Southern California home sales plummeted almost 13 percent in December from a year earlier as unemployment and tight credit cut demand, according to San Diego-based data firm DataQuick. The data was somewhat of a surprise as the Southern California market had recently been showing signs of stability and market improvement.

There were 19,528 homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, the lowest December tally in three years and the second- lowest since 1995, DataQuick said. Sales fell from 22,328 a year earlier.

The median price was $290,000, up 0.3 percent from a year earlier and 1 percent from November. The gain from December 2009 was the smallest increase since prices began to rise a year ago.

“What happens next will hinge largely on the pace of the economic recovery and the manner in which lenders manage their inventories of distressed properties, which are competition for new homes,” John Walsh, MDA DataQuick’s president, said in the statement. “A loosening of credit terms would help an awful lot, too, especially in move-up markets.”

Foreclosure resales accounted for 34.3% of the resale market in December, down from 35.2% in November and down from 29.6% one year ago. Foreclosure resales hit a low this year of 32.8% in June and had generally trended slightly higher until last month. The peak was in February 2009 at 56.7%, DataQuick reported.

All six counties showed sales drops from a year earlier, led by a 15 percent decline in Ventura.

Median sale price fell on a year-over-year basis in four of the six counties, with Los Angeles down 2.7%, Orange down 5.7%, San Bernardino down 1.3% and Ventura down 1.4%, while San Diego and Riverside counties recorded small gains of 0.9 % and 2%, respectively.

With regard to upcoming home-buying activity in the area, Walsh said there’s “potential for sales to perk up this spring if rates stay low and brighter economic news lifts consumer confidence.”

Tags: southern california, home sales, unemployment, tight credit, dataquick, median home price, mortgage lenders, distressed properties, foreclosures

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