You're Now Reading:
August Condo Prices Worsen in California
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
August Condo Prices Worsen in California
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
August Condo Prices Worsen in California
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

November 7, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles hit their lowest levels since the housing crisis in August while the San Francisco condo market posted the second worst annual rate of decline of any of the five condominium markets covered by Standard & Poor’s indices.

Monthly condo prices in Los Angeles declined 0.7 percent in August and in San Francisco condo prices declined 0.2 percent according the latest S&P/Case-Shiller Index.

The price declines in August occurred at the end of the spring/summer selling season which is not all that unusual, but when looking back at monthly prices over the last year, a much worse picture emerges.

In Los Angeles, condo prices have fallen in 11 of the last 12 months leaving condo prices in the area 7.2 percent lower than August 2010.

In San Francisco, over those same 12 months, condo prices have fallen 10 times leaving prices 9.0 percent lower than in August 2010.

The near year-long decline has put average market prices back to the mid-2003 levels. What’s especially dismaying is the lack of a seasonal “bump” during the spring/summer selling season that the other three condo markets in the survey experienced which is a sure sign that prices will weaken even further in the fall.

The index for Boston fell 0.3 percent from July to August, but is up 6.1 percent over the three previous months, while Chicago and New York posted price increases in August of 0.6 and 2.4 percent, with increases of 1.8 and 0.7 percent in July and 4.3 and 2.1 percent in June, respectively.

Over the last year, prices in New York have increased by 2.3 percent and are only 1.0 percent lower in Boston. Chicago has experienced the largest decline in condo prices in the index with a year-over-year decline of 9.6 percent, but has been making a comeback lately with price gains posted in the last three months.

Since their relative peak market prices, the two California markets continue to experience higher price declines than the other markets in the index.

Condo prices in Los Angeles have declined 39.4 percent since its market peak in July 2006, while San Francisco’s prices have declined 33.0 percent since its peak.

Whereas in New York, condo prices have declined 11.8 percent since its peak in February 2006 and Boston’s decline has been 11.5 percent since its peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
S&P

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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

November 7, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles hit their lowest levels since the housing crisis in August while the San Francisco condo market posted the second worst annual rate of decline of any of the five condominium markets covered by Standard & Poor’s indices.

Monthly condo prices in Los Angeles declined 0.7 percent in August and in San Francisco condo prices declined 0.2 percent according the latest S&P/Case-Shiller Index.

The price declines in August occurred at the end of the spring/summer selling season which is not all that unusual, but when looking back at monthly prices over the last year, a much worse picture emerges.

In Los Angeles, condo prices have fallen in 11 of the last 12 months leaving condo prices in the area 7.2 percent lower than August 2010.

In San Francisco, over those same 12 months, condo prices have fallen 10 times leaving prices 9.0 percent lower than in August 2010.

The near year-long decline has put average market prices back to the mid-2003 levels. What’s especially dismaying is the lack of a seasonal “bump” during the spring/summer selling season that the other three condo markets in the survey experienced which is a sure sign that prices will weaken even further in the fall.

The index for Boston fell 0.3 percent from July to August, but is up 6.1 percent over the three previous months, while Chicago and New York posted price increases in August of 0.6 and 2.4 percent, with increases of 1.8 and 0.7 percent in July and 4.3 and 2.1 percent in June, respectively.

Over the last year, prices in New York have increased by 2.3 percent and are only 1.0 percent lower in Boston. Chicago has experienced the largest decline in condo prices in the index with a year-over-year decline of 9.6 percent, but has been making a comeback lately with price gains posted in the last three months.

Since their relative peak market prices, the two California markets continue to experience higher price declines than the other markets in the index.

Condo prices in Los Angeles have declined 39.4 percent since its market peak in July 2006, while San Francisco’s prices have declined 33.0 percent since its peak.

Whereas in New York, condo prices have declined 11.8 percent since its peak in February 2006 and Boston’s decline has been 11.5 percent since its peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
S&P

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.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

November 7, 2011 (Jeff Alan)

Prices for condominiums in Los Angeles hit their lowest levels since the housing crisis in August while the San Francisco condo market posted the second worst annual rate of decline of any of the five condominium markets covered by Standard & Poor’s indices.

Monthly condo prices in Los Angeles declined 0.7 percent in August and in San Francisco condo prices declined 0.2 percent according the latest S&P/Case-Shiller Index.

The price declines in August occurred at the end of the spring/summer selling season which is not all that unusual, but when looking back at monthly prices over the last year, a much worse picture emerges.

In Los Angeles, condo prices have fallen in 11 of the last 12 months leaving condo prices in the area 7.2 percent lower than August 2010.

In San Francisco, over those same 12 months, condo prices have fallen 10 times leaving prices 9.0 percent lower than in August 2010.

The near year-long decline has put average market prices back to the mid-2003 levels. What’s especially dismaying is the lack of a seasonal “bump” during the spring/summer selling season that the other three condo markets in the survey experienced which is a sure sign that prices will weaken even further in the fall.

The index for Boston fell 0.3 percent from July to August, but is up 6.1 percent over the three previous months, while Chicago and New York posted price increases in August of 0.6 and 2.4 percent, with increases of 1.8 and 0.7 percent in July and 4.3 and 2.1 percent in June, respectively.

Over the last year, prices in New York have increased by 2.3 percent and are only 1.0 percent lower in Boston. Chicago has experienced the largest decline in condo prices in the index with a year-over-year decline of 9.6 percent, but has been making a comeback lately with price gains posted in the last three months.

Since their relative peak market prices, the two California markets continue to experience higher price declines than the other markets in the index.

Condo prices in Los Angeles have declined 39.4 percent since its market peak in July 2006, while San Francisco’s prices have declined 33.0 percent since its peak.

Whereas in New York, condo prices have declined 11.8 percent since its peak in February 2006 and Boston’s decline has been 11.5 percent since its peak.

Tags: California, condo prices, S&P, Case-Shiller Index, Los Angeles, San Francisco, Boston, Chicago, New York, market prices

Source:
S&P

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
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 MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.