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Spring Sales Boost Home 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
Spring Sales Boost Home 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
Spring Sales Boost Home Prices

June 28, 2011 (Chris Moore)

Spring sales boosted monthly home prices for the first time in eight months according to the latest S&P/Case-Shiller Home Price Indices. Both the 10-City and 20-City Composites showed unadjusted gains of 0.8 percent and 0.7 percent, respectively, from March to April, though prices continue to be below the levels recorded in April 2010.

Year-over-year, the 10-City Composite was 3.1 percent lower than April 2010 and the 20-City Composite was down 4.0 percent from the same time last year.

When adjusted for seasonal factors, such as accounting for the normal uptick in sales due to the spring selling season, prices actually dropped. Prices for April dropped 3.1 percent for the 10-City Composite and 3.8 percent for the 20-City Composite compared to March when seasonally adjusted.

Still, when taken in conjunction with other housing statistics showing the same trends, the news was a welcome relief.

“In a welcome shift from recent months, this month is better than last – April’s numbers beat March,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “However, the seasonally adjusted numbers show that much of the improvement reflects the beginning of the Spring-Summer home buying season. It is much too early to tell if this is a turning point or simply due to some warmer weather.”

“Other housing statistics show the same trends. Single-family housing starts were up in May, but still well below their 2010 levels and still very close to their 30-year low. Existing home sales rose in May, but are still about 15% below last year’s pace and about 35% below their 2005 pace. While foreclosures remain a large factor in most parts of the country, the S&P/Experian Consumer Credit Default indices show a small decline in the pace of new defaults since last November. Other reports confirm that banks have tightened lending standards in the past year making it harder to qualify for a mortgage despite very low interest rates,” Blitzer added.

In the 20-City Composite, prices rose in 13 of the 20 cities in April, with the sharpest increases recorded in Washington, D.C., San Francisco, Atlanta and Seattle. Six of the 20 cities, Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa, showed new index lows in April.

Overall, both Indices are back to their summer of 2003 levels with some areas at lows not seen in a decade. As of April 2011, Cleveland, Detroit and Las Vegas are the three markets where average home prices are lower than where they were 11 years ago, with Phoenix and Atlanta close to that.

“For a real recovery we would need to see several months of increasing home prices, large enough to shift the annual momentum to the positive side. In short, better news, but still a lot of questions and a long way to go,” Blitzer said.

Tags: S&P/Case-Shiller Home Price Indices, home price index, housing prices, increasing home prices, 10-City Composite, 20-City Composite

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

June 28, 2011 (Chris Moore)

Spring sales boosted monthly home prices for the first time in eight months according to the latest S&P/Case-Shiller Home Price Indices. Both the 10-City and 20-City Composites showed unadjusted gains of 0.8 percent and 0.7 percent, respectively, from March to April, though prices continue to be below the levels recorded in April 2010.

Year-over-year, the 10-City Composite was 3.1 percent lower than April 2010 and the 20-City Composite was down 4.0 percent from the same time last year.

When adjusted for seasonal factors, such as accounting for the normal uptick in sales due to the spring selling season, prices actually dropped. Prices for April dropped 3.1 percent for the 10-City Composite and 3.8 percent for the 20-City Composite compared to March when seasonally adjusted.

Still, when taken in conjunction with other housing statistics showing the same trends, the news was a welcome relief.

“In a welcome shift from recent months, this month is better than last – April’s numbers beat March,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “However, the seasonally adjusted numbers show that much of the improvement reflects the beginning of the Spring-Summer home buying season. It is much too early to tell if this is a turning point or simply due to some warmer weather.”

“Other housing statistics show the same trends. Single-family housing starts were up in May, but still well below their 2010 levels and still very close to their 30-year low. Existing home sales rose in May, but are still about 15% below last year’s pace and about 35% below their 2005 pace. While foreclosures remain a large factor in most parts of the country, the S&P/Experian Consumer Credit Default indices show a small decline in the pace of new defaults since last November. Other reports confirm that banks have tightened lending standards in the past year making it harder to qualify for a mortgage despite very low interest rates,” Blitzer added.

In the 20-City Composite, prices rose in 13 of the 20 cities in April, with the sharpest increases recorded in Washington, D.C., San Francisco, Atlanta and Seattle. Six of the 20 cities, Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa, showed new index lows in April.

Overall, both Indices are back to their summer of 2003 levels with some areas at lows not seen in a decade. As of April 2011, Cleveland, Detroit and Las Vegas are the three markets where average home prices are lower than where they were 11 years ago, with Phoenix and Atlanta close to that.

“For a real recovery we would need to see several months of increasing home prices, large enough to shift the annual momentum to the positive side. In short, better news, but still a lot of questions and a long way to go,” Blitzer said.

Tags: S&P/Case-Shiller Home Price Indices, home price index, housing prices, increasing home prices, 10-City Composite, 20-City Composite

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

June 28, 2011 (Chris Moore)

Spring sales boosted monthly home prices for the first time in eight months according to the latest S&P/Case-Shiller Home Price Indices. Both the 10-City and 20-City Composites showed unadjusted gains of 0.8 percent and 0.7 percent, respectively, from March to April, though prices continue to be below the levels recorded in April 2010.

Year-over-year, the 10-City Composite was 3.1 percent lower than April 2010 and the 20-City Composite was down 4.0 percent from the same time last year.

When adjusted for seasonal factors, such as accounting for the normal uptick in sales due to the spring selling season, prices actually dropped. Prices for April dropped 3.1 percent for the 10-City Composite and 3.8 percent for the 20-City Composite compared to March when seasonally adjusted.

Still, when taken in conjunction with other housing statistics showing the same trends, the news was a welcome relief.

“In a welcome shift from recent months, this month is better than last – April’s numbers beat March,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. “However, the seasonally adjusted numbers show that much of the improvement reflects the beginning of the Spring-Summer home buying season. It is much too early to tell if this is a turning point or simply due to some warmer weather.”

“Other housing statistics show the same trends. Single-family housing starts were up in May, but still well below their 2010 levels and still very close to their 30-year low. Existing home sales rose in May, but are still about 15% below last year’s pace and about 35% below their 2005 pace. While foreclosures remain a large factor in most parts of the country, the S&P/Experian Consumer Credit Default indices show a small decline in the pace of new defaults since last November. Other reports confirm that banks have tightened lending standards in the past year making it harder to qualify for a mortgage despite very low interest rates,” Blitzer added.

In the 20-City Composite, prices rose in 13 of the 20 cities in April, with the sharpest increases recorded in Washington, D.C., San Francisco, Atlanta and Seattle. Six of the 20 cities, Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa, showed new index lows in April.

Overall, both Indices are back to their summer of 2003 levels with some areas at lows not seen in a decade. As of April 2011, Cleveland, Detroit and Las Vegas are the three markets where average home prices are lower than where they were 11 years ago, with Phoenix and Atlanta close to that.

“For a real recovery we would need to see several months of increasing home prices, large enough to shift the annual momentum to the positive side. In short, better news, but still a lot of questions and a long way to go,” Blitzer said.

Tags: S&P/Case-Shiller Home Price Indices, home price index, housing prices, increasing home prices, 10-City Composite, 20-City Composite

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