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You're Now Reading:
Home Prices Increase in June, Plateau Expected in 4Q
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You're Now Reading:
Home Prices Increase in June, Plateau Expected in 4Q
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 Prices Increase in June, Plateau Expected in 4Q
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July 25, 2011 (Jeff Alan)

Home prices and inventory increased in June according to Altos Research, with leading market indicators showing a positive trend through at least the end of September and the possibility that prices may plateau in the fourth quarter of 2011.

List prices from homes in the 26 cities surveyed by Altos reported a modest increase in list prices of 1.37 percent in June over May and an increase in inventory of 0.35 percent.

Over the three month period from April to June, listing prices have increased 2.31 percent and inventory has increased by 3.52 percent.

The national index reports that the median price for a home was $450,358 in June, up from $444,273 in May. The biggest gainers in price were Detroit (2.78%), San Francisco (2.34%), and Washington D.C. (2.28%).

Altos Research’s weekly sample (7 day) for June shows a slight flattening of home prices which may indicate the end of the seasonal spike in prices and could be the first indication of the coming autumn housing market.

The only city to report a month-over-month price decrease was Las Vegas, which recorded a decline of 0.86 percent from May to June. Over the three month period from April to June, only Las Vegas (-1.61%) and New York (-2.20%) reported price declines.

Housing supply increased in 12 of the 26 markets with the largest increase in housing inventory reported in Boston (5.60%), Minneapolis (3.03%), and San Diego (2.25%), while the largest decline in housing inventory occurred in Phoenix (-7.93%), San Francisco (-5.01%), and Atlanta (-4.55%).

Tags: Altos Research, housing prices, housing inventory, median price, positive trend, seasonal spike, 26 markets

Source:
Altos Research

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
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Calculator
Mortgage
Rates

July 25, 2011 (Jeff Alan)

Home prices and inventory increased in June according to Altos Research, with leading market indicators showing a positive trend through at least the end of September and the possibility that prices may plateau in the fourth quarter of 2011.

List prices from homes in the 26 cities surveyed by Altos reported a modest increase in list prices of 1.37 percent in June over May and an increase in inventory of 0.35 percent.

Over the three month period from April to June, listing prices have increased 2.31 percent and inventory has increased by 3.52 percent.

The national index reports that the median price for a home was $450,358 in June, up from $444,273 in May. The biggest gainers in price were Detroit (2.78%), San Francisco (2.34%), and Washington D.C. (2.28%).

Altos Research’s weekly sample (7 day) for June shows a slight flattening of home prices which may indicate the end of the seasonal spike in prices and could be the first indication of the coming autumn housing market.

The only city to report a month-over-month price decrease was Las Vegas, which recorded a decline of 0.86 percent from May to June. Over the three month period from April to June, only Las Vegas (-1.61%) and New York (-2.20%) reported price declines.

Housing supply increased in 12 of the 26 markets with the largest increase in housing inventory reported in Boston (5.60%), Minneapolis (3.03%), and San Diego (2.25%), while the largest decline in housing inventory occurred in Phoenix (-7.93%), San Francisco (-5.01%), and Atlanta (-4.55%).

Tags: Altos Research, housing prices, housing inventory, median price, positive trend, seasonal spike, 26 markets

Source:
Altos Research

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.

July 25, 2011 (Jeff Alan)

Home prices and inventory increased in June according to Altos Research, with leading market indicators showing a positive trend through at least the end of September and the possibility that prices may plateau in the fourth quarter of 2011.

List prices from homes in the 26 cities surveyed by Altos reported a modest increase in list prices of 1.37 percent in June over May and an increase in inventory of 0.35 percent.

Over the three month period from April to June, listing prices have increased 2.31 percent and inventory has increased by 3.52 percent.

The national index reports that the median price for a home was $450,358 in June, up from $444,273 in May. The biggest gainers in price were Detroit (2.78%), San Francisco (2.34%), and Washington D.C. (2.28%).

Altos Research’s weekly sample (7 day) for June shows a slight flattening of home prices which may indicate the end of the seasonal spike in prices and could be the first indication of the coming autumn housing market.

The only city to report a month-over-month price decrease was Las Vegas, which recorded a decline of 0.86 percent from May to June. Over the three month period from April to June, only Las Vegas (-1.61%) and New York (-2.20%) reported price declines.

Housing supply increased in 12 of the 26 markets with the largest increase in housing inventory reported in Boston (5.60%), Minneapolis (3.03%), and San Diego (2.25%), while the largest decline in housing inventory occurred in Phoenix (-7.93%), San Francisco (-5.01%), and Atlanta (-4.55%).

Tags: Altos Research, housing prices, housing inventory, median price, positive trend, seasonal spike, 26 markets

Source:
Altos Research

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.