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Home Price Declines Slowing
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You're Now Reading:
Home Price Declines Slowing
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:
Home Price Declines Slowing
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Mortgage Rates

June 7, 2011 (Shirley Allen)

Zillow.com reports that home values in April 2011 fell 0.77 percent compared to March and are 8.0 percent lower than they were in April 2010. That’s the lowest level of month-over-month depreciation since a 0.89 percent decrease recorded between November and December of 2010.

Foreclosure liquidations also fell as 10.0 out of every 10,000 homes in the country was liquidated in foreclosure in April, which is down from 10.2 out of every 10,000 homes experienced in March.

The rate of liquidations is still higher than the rates recorded late last year when the foreclosure liquidation rate in December 2010 was 8.8 out of every 20,000, however, the liquidation rate is substantially lower than the peak rate recorded in October last year when the rate was 11.3 out of every 10,000 homes just before the “robo-signing” controversy emerged.

The number of foreclosure re-sales has also increased drastically from a year ago. Foreclosure re-sales made up 24 percent of all sales in the month of April, which is an increase of 50 percent compared to April 2010 when 16 percent of all transactions consisted of foreclosure re-sales.

April was the tenth consecutive month foreclosure re-sales have increased. The cities of Madera, Merced, and Modesto, all in California, had the highest amount of foreclosure re-sales with 56 percent of all transactions falling into that category.

Of the areas surveyed by Zillow, Las Vegas, Phoenix, and Grand Junction had the highest foreclosure rates in April, while the cities with the lowest foreclosure rates for the month were Atlantic City, New York, and Rochester.

Stan Humphries, Chief Economist for Zillow, stated, “In general, current trends are consistent with our earlier expectations of depreciation rates improving in the spring but from absolute levels that are high enough and at a pace that is slow enough that a bottom won’t be reached this year. Key drivers at this point are the pace of foreclosures and improvement in the employment picture.”

Tags: Zillow.com, home values, depreciation, foreclosure liquidations, robo-signing, foreclosure re-sales, foreclosure rates

Sources:
Zillow.com

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ADVANTAGES OF USING
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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.
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Tips
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Tips
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Calculator
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Rates

June 7, 2011 (Shirley Allen)

Zillow.com reports that home values in April 2011 fell 0.77 percent compared to March and are 8.0 percent lower than they were in April 2010. That’s the lowest level of month-over-month depreciation since a 0.89 percent decrease recorded between November and December of 2010.

Foreclosure liquidations also fell as 10.0 out of every 10,000 homes in the country was liquidated in foreclosure in April, which is down from 10.2 out of every 10,000 homes experienced in March.

The rate of liquidations is still higher than the rates recorded late last year when the foreclosure liquidation rate in December 2010 was 8.8 out of every 20,000, however, the liquidation rate is substantially lower than the peak rate recorded in October last year when the rate was 11.3 out of every 10,000 homes just before the “robo-signing” controversy emerged.

The number of foreclosure re-sales has also increased drastically from a year ago. Foreclosure re-sales made up 24 percent of all sales in the month of April, which is an increase of 50 percent compared to April 2010 when 16 percent of all transactions consisted of foreclosure re-sales.

April was the tenth consecutive month foreclosure re-sales have increased. The cities of Madera, Merced, and Modesto, all in California, had the highest amount of foreclosure re-sales with 56 percent of all transactions falling into that category.

Of the areas surveyed by Zillow, Las Vegas, Phoenix, and Grand Junction had the highest foreclosure rates in April, while the cities with the lowest foreclosure rates for the month were Atlantic City, New York, and Rochester.

Stan Humphries, Chief Economist for Zillow, stated, “In general, current trends are consistent with our earlier expectations of depreciation rates improving in the spring but from absolute levels that are high enough and at a pace that is slow enough that a bottom won’t be reached this year. Key drivers at this point are the pace of foreclosures and improvement in the employment picture.”

Tags: Zillow.com, home values, depreciation, foreclosure liquidations, robo-signing, foreclosure re-sales, foreclosure rates

Sources:
Zillow.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.

June 7, 2011 (Shirley Allen)

Zillow.com reports that home values in April 2011 fell 0.77 percent compared to March and are 8.0 percent lower than they were in April 2010. That’s the lowest level of month-over-month depreciation since a 0.89 percent decrease recorded between November and December of 2010.

Foreclosure liquidations also fell as 10.0 out of every 10,000 homes in the country was liquidated in foreclosure in April, which is down from 10.2 out of every 10,000 homes experienced in March.

The rate of liquidations is still higher than the rates recorded late last year when the foreclosure liquidation rate in December 2010 was 8.8 out of every 20,000, however, the liquidation rate is substantially lower than the peak rate recorded in October last year when the rate was 11.3 out of every 10,000 homes just before the “robo-signing” controversy emerged.

The number of foreclosure re-sales has also increased drastically from a year ago. Foreclosure re-sales made up 24 percent of all sales in the month of April, which is an increase of 50 percent compared to April 2010 when 16 percent of all transactions consisted of foreclosure re-sales.

April was the tenth consecutive month foreclosure re-sales have increased. The cities of Madera, Merced, and Modesto, all in California, had the highest amount of foreclosure re-sales with 56 percent of all transactions falling into that category.

Of the areas surveyed by Zillow, Las Vegas, Phoenix, and Grand Junction had the highest foreclosure rates in April, while the cities with the lowest foreclosure rates for the month were Atlantic City, New York, and Rochester.

Stan Humphries, Chief Economist for Zillow, stated, “In general, current trends are consistent with our earlier expectations of depreciation rates improving in the spring but from absolute levels that are high enough and at a pace that is slow enough that a bottom won’t be reached this year. Key drivers at this point are the pace of foreclosures and improvement in the employment picture.”

Tags: Zillow.com, home values, depreciation, foreclosure liquidations, robo-signing, foreclosure re-sales, foreclosure rates

Sources:
Zillow.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.