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You're Now Reading:
August Home Prices Stable as Inventories Continue to Decline
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
August Home Prices Stable as Inventories Continue to Decline
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 Home Prices Stable as Inventories Continue to Decline
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Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
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Mortgage Rates

September 15, 2011 (Chris Moore)

Home prices continued to show signs of stability in August as the median list price for existing homes remained the same for the third consecutive month despite homeowners having to wait even longer to sell their homes according to the latest data housing released by Realtor.com

Total listings of existing homes decreased 1.90 percent from July with a total of 2,267,327 single-family homes, condos, townhomes, and co-ops listed for sale in August compared to 2,311,279 in July. The number of homes listed for sale in August was 19.0 percent lower than a year ago.

The median list price for an existing home in August was $189,900, unchanged from the median list price for the previous two months. The median list price was 0.48 pecent higher than in August 2010.

The area with the largest year-over-year decline in the median list price for the second consecutive month was Chicago, IL, where the median price has dropped 13.05 percent since August of 2010. The median list price from July to August was unchanged for the second consecutive month.

The area with the largest year-over-year increase in the median list price, for the third consecutive month, was the Fort Myers-Cape Coral, FL area where the median price has increased 33.21 percent since August of last year. However, the median price in the area decreased by 2.07 percent from July to August. Miami continued to run a close second with year-over-year median list prices increasing by 24.56 percent.

The average list price for an existing home in August was $320,325, which was a 0.40 percent increase from July’s average list price of $319,046 and 2.63 percent higher than August 2010.

The average number of days that an existing home spent on the market climbed to 103 in August compared to 97 days in July. Seventy-two out of the 146 metropolitan areas required 100 days or more to sell a home.

The Southeastern area of the United States continued to dominant the list of homes that take the longest the sell led by the southern region of South Carolina at 172 days, but many areas of the Northeast joined the list in August led by Reading, PA, at 138 days.

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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

September 15, 2011 (Chris Moore)

Home prices continued to show signs of stability in August as the median list price for existing homes remained the same for the third consecutive month despite homeowners having to wait even longer to sell their homes according to the latest data housing released by Realtor.com

Total listings of existing homes decreased 1.90 percent from July with a total of 2,267,327 single-family homes, condos, townhomes, and co-ops listed for sale in August compared to 2,311,279 in July. The number of homes listed for sale in August was 19.0 percent lower than a year ago.

The median list price for an existing home in August was $189,900, unchanged from the median list price for the previous two months. The median list price was 0.48 pecent higher than in August 2010.

The area with the largest year-over-year decline in the median list price for the second consecutive month was Chicago, IL, where the median price has dropped 13.05 percent since August of 2010. The median list price from July to August was unchanged for the second consecutive month.

The area with the largest year-over-year increase in the median list price, for the third consecutive month, was the Fort Myers-Cape Coral, FL area where the median price has increased 33.21 percent since August of last year. However, the median price in the area decreased by 2.07 percent from July to August. Miami continued to run a close second with year-over-year median list prices increasing by 24.56 percent.

The average list price for an existing home in August was $320,325, which was a 0.40 percent increase from July’s average list price of $319,046 and 2.63 percent higher than August 2010.

The average number of days that an existing home spent on the market climbed to 103 in August compared to 97 days in July. Seventy-two out of the 146 metropolitan areas required 100 days or more to sell a home.

The Southeastern area of the United States continued to dominant the list of homes that take the longest the sell led by the southern region of South Carolina at 172 days, but many areas of the Northeast joined the list in August led by Reading, PA, at 138 days.

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.

September 15, 2011 (Chris Moore)

Home prices continued to show signs of stability in August as the median list price for existing homes remained the same for the third consecutive month despite homeowners having to wait even longer to sell their homes according to the latest data housing released by Realtor.com

Total listings of existing homes decreased 1.90 percent from July with a total of 2,267,327 single-family homes, condos, townhomes, and co-ops listed for sale in August compared to 2,311,279 in July. The number of homes listed for sale in August was 19.0 percent lower than a year ago.

The median list price for an existing home in August was $189,900, unchanged from the median list price for the previous two months. The median list price was 0.48 pecent higher than in August 2010.

The area with the largest year-over-year decline in the median list price for the second consecutive month was Chicago, IL, where the median price has dropped 13.05 percent since August of 2010. The median list price from July to August was unchanged for the second consecutive month.

The area with the largest year-over-year increase in the median list price, for the third consecutive month, was the Fort Myers-Cape Coral, FL area where the median price has increased 33.21 percent since August of last year. However, the median price in the area decreased by 2.07 percent from July to August. Miami continued to run a close second with year-over-year median list prices increasing by 24.56 percent.

The average list price for an existing home in August was $320,325, which was a 0.40 percent increase from July’s average list price of $319,046 and 2.63 percent higher than August 2010.

The average number of days that an existing home spent on the market climbed to 103 in August compared to 97 days in July. Seventy-two out of the 146 metropolitan areas required 100 days or more to sell a home.

The Southeastern area of the United States continued to dominant the list of homes that take the longest the sell led by the southern region of South Carolina at 172 days, but many areas of the Northeast joined the list in August led by Reading, PA, at 138 days.

Tags: Realtor.com, housing inventory, listed homes, home prices, median sales price, average list price

Source:
Realtor.com

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.