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Existing Home Sales Nosedive
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Existing Home Sales Nosedive
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Existing Home Sales Nosedive
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The decline in existing home sales accelerated last week and are now over twelve percent lower than the current year’s market peak just seven weeks ago according to the National Home Sales Snapshot released by DataQuick.

There were 237,074 properties sold over the previous thirty-day rolling period ending October 31st, down 3.3 percent from the previous week’s total of 245,175 sold properties and 6.4 percent lower than the 253,359 properties sold four weeks ago.

Sales volume was 12.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of this year.

Last week’s home sales volume was still 11.9 percent higher than the 211,802 homes sold during the same period a year ago and was 45.5 percent higher than during the same period three years ago when 162,972 homes were sold.

The median price of a home sold over the current thirty-day rolling period decreased by $1,000 to $219,000 after falling by $3,500 the week before. Four weeks ago the median home price was $227,000.

Home prices were still 11.7 percent higher than during the same period a year ago when the median price of a home was $196,000 and were 15.3 percent higher than the median price of $190,000 during the same period three years ago.

DataQuick Weekly Snapshot 11-4-13

Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.

Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

Reported by Chris Moore

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The decline in existing home sales accelerated last week and are now over twelve percent lower than the current year’s market peak just seven weeks ago according to the National Home Sales Snapshot released by DataQuick.

There were 237,074 properties sold over the previous thirty-day rolling period ending October 31st, down 3.3 percent from the previous week’s total of 245,175 sold properties and 6.4 percent lower than the 253,359 properties sold four weeks ago.

Sales volume was 12.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of this year.

Last week’s home sales volume was still 11.9 percent higher than the 211,802 homes sold during the same period a year ago and was 45.5 percent higher than during the same period three years ago when 162,972 homes were sold.

The median price of a home sold over the current thirty-day rolling period decreased by $1,000 to $219,000 after falling by $3,500 the week before. Four weeks ago the median home price was $227,000.

Home prices were still 11.7 percent higher than during the same period a year ago when the median price of a home was $196,000 and were 15.3 percent higher than the median price of $190,000 during the same period three years ago.

DataQuick Weekly Snapshot 11-4-13

Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.

Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

Reported by Chris Moore

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.

The decline in existing home sales accelerated last week and are now over twelve percent lower than the current year’s market peak just seven weeks ago according to the National Home Sales Snapshot released by DataQuick.

There were 237,074 properties sold over the previous thirty-day rolling period ending October 31st, down 3.3 percent from the previous week’s total of 245,175 sold properties and 6.4 percent lower than the 253,359 properties sold four weeks ago.

Sales volume was 12.1 percent below this year’s cycle peak of 269,817 sales which occurred during the 30-day rolling period prior to September 12th of this year.

Last week’s home sales volume was still 11.9 percent higher than the 211,802 homes sold during the same period a year ago and was 45.5 percent higher than during the same period three years ago when 162,972 homes were sold.

The median price of a home sold over the current thirty-day rolling period decreased by $1,000 to $219,000 after falling by $3,500 the week before. Four weeks ago the median home price was $227,000.

Home prices were still 11.7 percent higher than during the same period a year ago when the median price of a home was $196,000 and were 15.3 percent higher than the median price of $190,000 during the same period three years ago.

DataQuick Weekly Snapshot 11-4-13

Over the last seven years, median home prices nationwide have ranged from a high of $275,000 to a low of $168,500.

Home sales volume over the last seven years has ranged from a high of 339,669 properties sold to a low of 124,051.

The National Home Sales Snapshot includes 98 out of the top 100 metropolitan statistical areas covering 66.25 percent of U.S. home sales.

Tags: DataQuick, home sales, median home price, sales volume

Source:
DataQuick

Reported by Chris Moore

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.